wait until Monday maybe there is a rebound
see my analysis for entry point and support and SL for eth in the short term
On May 12, 2025, Ethereum (ETH) continues its upward momentum that began in early May. After surpassing the $1,800 mark on May 8, ETH reached an annual high near $2,604. Currently, the price of ETH is approximately $2,465.51, with an intraday range between $2,452.84 and $2,587.64.
Technical Analysis and Outlook
The recent rise of ETH is attributed to a breakout above descending trendlines on the daily and 4-hour charts, as well as a strong volume breakout from a symmetrical triangle formation observed on May 8. However, signs of intraday exhaustion suggest a possible short-term correction.
Forecasts for the week of May 12 to 16, 2025, indicate an attempt at a bearish correction, with a test of the support zone around $1,785. A rebound from this level could lead to a recovery towards the $2,885 area.
Fundamental Factors
Several elements support ETH's bullish trend:
Institutional Adoption: Inflows into the Grayscale Ethereum Trust (ETHE) have increased by 12% week over week.
Transaction Volume: The spot volume of ETH on Coinbase reached $3.8 billion on May 11, reflecting strong market interest.
Long-term Outlook: Some analysts predict that ETH could reach $12,000 in 2025, supported by institutional adoption, the expansion of decentralized finance (DeFi), and improvements to the Ethereum network.
In summary, although a short-term correction is possible, the medium and long-term outlook for Ethereum remains optimistic, supported by strong technical and fundamental factors.
$ETH
Technical Analysis and Outlook
The recent rise of ETH is attributed to a breakout above descending trendlines on the daily and 4-hour charts, as well as a strong volume breakout from a symmetrical triangle formation observed on May 8. However, signs of intraday exhaustion suggest a possible short-term correction.
Forecasts for the week of May 12 to 16, 2025, indicate an attempt at a bearish correction, with a test of the support zone around $1,785. A rebound from this level could lead to a recovery towards the $2,885 area.
Fundamental Factors
Several elements support ETH's bullish trend:
Institutional Adoption: Inflows into the Grayscale Ethereum Trust (ETHE) have increased by 12% week over week.
Transaction Volume: The spot volume of ETH on Coinbase reached $3.8 billion on May 11, reflecting strong market interest.
Long-term Outlook: Some analysts predict that ETH could reach $12,000 in 2025, supported by institutional adoption, the expansion of decentralized finance (DeFi), and improvements to the Ethereum network.
In summary, although a short-term correction is possible, the medium and long-term outlook for Ethereum remains optimistic, supported by strong technical and fundamental factors.
$ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
2,517.03
+0.84%