Ethereum (ETH) Analysis for May 12, 2025
shows positive signals, as the price is currently trading between $2,115 and $2,524, with expectations to reach $2,577 in the coming days, indicating strong bullish momentum. (CoinGape)
🔍 Quick Technical Overview:
Weekly candle pattern: A "bullish engulfing" pattern has emerged, enhancing the likelihood of the continuation of the upward trend. (CoinGape)
Fear and Greed Index: Currently at 67 (Greed), reflecting investor optimism.
Support and Resistance:
Support: $1,777 - $1,715.
Resistance: $1,839 - $1,901.
🐋 Whale Activity:
A large investor has been spotted depositing $8.58 million in USDC on the Hyperliquid platform to open a 2x leveraged buy position on ETH, indicating strong confidence in price appreciation.
📈 Short-Term Forecast:
Forecasts suggest the price could reach $2,092 by May 12, with the potential to rise to $2,577 in the following days.
📊 Long-Term Forecast:
Predictions for ETH's price by the end of 2025 range between $4,000 and $8,000, depending on factors such as institutional adoption and network developments.