Technical analysis of Ethereum (ETH) – May 11, 2025
Ethereum (ETH) has shown a significant recovery, trading around $2,507.37 as of May 11, 2025.
The price has surpassed the resistance at $2,150, suggesting a continuation of the bullish trend.
The RSI is at 70, indicating strong momentum, although close to overbought levels.
The MACD remains in positive territory, supporting the bullish outlook.
If ETH maintains this momentum, it could head towards $2,700.
However, a correction towards $2,400 cannot be ruled out if volume decreases.