🌩️ $ETH /USDT – May 12, 2025 Market Update

🏷️ Category: Layer 1

💰 Price: $2,569.17 (▲ +2.42%)

📈 24H High: $2,624.00 | 📉 24H Low: $2,435.51

🔄 24H Volume: 827,031.31 ETH | 💵 USDT Volume: $2.09B

📊 ETH Price Analysis & Key Levels

🔹 Resistance: $2,624 / $2,680

🔹 Support: $2,510 / $2,435

📉 Crypto Market Insights

🔸 Fibonacci Retracement (Low $2,435 – High $2,624):

38.2% – $2,552

61.8% – $2,507

Pivot – $2,530

🔸 ATR (14D): ±$138

📉 Projected Swing Range: $2,430 – $2,700

🚀 Bullish Scenario

✅ Breakout above $2,624 could push ETH toward $2,680+

✅ Holding above $2,552 increases odds for trend continuation

⚠️ Bearish Scenario

❌ If ETH dips below $2,510, correction to $2,435 is likely

❌ Rejection at $2,624 resistance may invite selling pressure

🎯 Trading Strategy – Mild Bullish Bias

🛍️ Spot Trading

Buy Zone: $2,510 – $2,540

Targets: $2,624 / $2,680

Stop-Loss: $2,430

📉 Futures Trading

Long Setup:

Entry: $2,550

Target: $2,624 / $2,680

Stop-Loss: $2,500

Short Setup:

Entry: $2,624

Target: $2,552 / $2,510

Stop-Loss: $2,660

🛡️ Risk Management & Alerts

Support at $2,510 is crucial; a breakdown may shift market to bearish short-term

Monitor volume near $2,624 for breakout confirmation

💡 Unique Insight – VWAP Signal:

ETH is currently above its VWAP (~$2,545), indicating bullish bias is gaining momentum. Sustained trading above VWAP may lead to a rally continuation.

📌 Summary:

ETH shows strength with a solid bounce from lows. A confirmed move above $2,624 can extend gains to $2,680+, while failure to hold $2,510 may trigger a retest of $2,435.

❓Closing Question:

Can ETH break past $2,624 and challenge $2,700, or is a pullback near the top likely first?

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