US-China 90-day agreement significantly reduces tariffs, Ethereum soars
ETH Analysis: May 12, 2025 Daily Chart
Ethereum has surged again, although it hasn't reached the 2800 level mentioned by Sheng Jie earlier, it has already climbed to around 2620. The performance of Ethereum in the past two days has shown a very strong trend, indicating that there is still hope for reaching the 2800 level!
In terms of trend:
From the daily chart, we still focus on the key level near 2800 above. On a smaller time frame, there is a trend of oscillating upward, with highs gradually breaking through and lows slowly rising. If it strengthens again tonight, then breaking through the 2800 barrier becomes very promising. At the same time, pay attention to the support in the range of 2420-2450 below; for a downtrend to occur, the line needs to break below this support range!
