🔥Ethereum Market Update – 12 May 2025🔥
#ETH #Ethereum #CryptoAnalysis #BinanceSquare #StrategyTrade
Ethereum is holding strong above the $3,100 support level today, showing resilience amid minor pullbacks across the broader crypto market. After testing the $3,250 zone over the weekend, ETH is now consolidating with decreasing volume, hinting at a potential breakout.🌟🌟
💫Key Technical Highlights:
💫Resistance: $3,250 – $3,300
💫Support: $3,100 – $3,050
💫RSI: Neutral, hovering near 52
MACD: Slightly bullish crossover forming on the 4H chart
Short-Term Outlook:
If bulls maintain control above $3,100, a breakout toward $3,400 is likely. However, any dip below $3,050 could open the doors to $2,950 retest. Watch for volume spikes before entering positions.
Strategy Tip:
Scalp traders can target a 2-3% range between $3,150–$3,230. Swing traders should wait for confirmation above $3,300 with volume before going long.
On-chain Insights:
Ethereum’s gas fees remain moderate, and L2 activity is rising. This suggests healthy user engagement without overwhelming the network — a bullish long-term signal.
Stay smart, manage your risk, and let the charts speak louder than hype.