$ETH

Here is a detailed technical analysis of Ethereum (ETH) against the dollar (May 2025 update):

Current price: around $2500

Overall trend: bullish in the short and medium term

1. Support and Resistance:

Nearby support: 2450 – an important testing area for holding above 2500

Next support: 2320 – intersection of previous averages and strong support

First resistance: 2580 – previous local peak

Second resistance: 2700 – strong psychological and technical resistance

Critical resistance: 3000 – a key barrier that could trigger a sharp upward wave

2. Technical Indicators:

RSI (Relative Strength Index): around 61 – still in the positive momentum area without being overbought

MACD: positive crossover, enhancing the likelihood of continued ascent

Moving Averages:

MA50: bullish and located at 2380 – strong dynamic support

MA200: at 2150 – shows improvement in the medium-term trend

3. Technical Patterns:

Double bottom formation at 2150 – a signal for a bullish reversal confirmed by breaking through 2450

The price is currently in a short-term ascending channel

Conclusion:

As long as the price remains above 2450, the technical structure remains positive. Breaking through 2580 may push the price to test 2700 then 3000. However, breaking below 2320 temporarily negates this scenario and opens the door for a corrective wave.

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