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๐Ÿ”ฅ๐Ÿ”ฅโšกETHEREUM (ETH) ANALYSIS โ€“ MAY 11, 2025 ๐Ÿš€๐Ÿ“ˆ

Ethereum (ETH) is currently trading at approximately 2,581.01 as of May 11, 2025, showing a 10.5

*TECHNICAL OUTLOOK* ๐Ÿ”

- Support levels:2,400 and 2,200 ๐Ÿ’ช

- Resistance levels:2,600 and 2,800 ๐Ÿšง

*INDICATORS* ๐Ÿ“‰

- RSI: 65.4, approaching the overbought zone โš–๏ธ

- MACD: Bullish crossover, confirming a strong uptrend ๐Ÿš€

- 50-day moving average:2,350

- 200-day moving average: 2,000

*TARGETS* ๐ŸŽฏ

- Short-term target:2,600 ๐ŸŽฏ

- Mid-term target: 2,800 ๐ŸŒŸ

*CONCLUSION* ๐Ÿ’ญ

Ethereum (ETH) is currently in a strong bullish phase, and the recent surge above2,500 highlights its potential for further gains. However, with the RSI nearing the overbought zone, caution is advised as a pullback might occur. Keep an eye on the key support levels around 2,400 and2,200 for potential entry points. ๐Ÿ’ก๐Ÿ“ˆ

This analysis is not investment advice. Always do your own research before making any investment decisions. ๐Ÿ”๐Ÿ’ผ

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