May 11 2025
After an explosive rally that saw Ethereum price surge from the $1,800 breakout level to a 2025 high near $2,604, $ETH is now showing signs of intraday exhaustion.
The recent bullish momentum was fueled by a clean break above long-standing descending trendlines on both the 1D and 4H charts, along with a high-volume breakout from a symmetrical triangle formation seen on May 8.On May 11, Ethereum price today retraced slightly to the $2,470–$2,480 zone, which aligns with the upper boundary of its prior consolidation range.
This could now act as a short-term support if bulls remain in control. The Bollinger Bands on the 4H chart show price retreating after riding the upper band for two days, a sign of cooling Ethereum price action.
Ethereum Price Spikes, But Momentum Indicators Show Caution.
