#NewsTrade
🌟Ethereum Market Outlook & Trading Strategy – May 12, 2025🌟🌟
🔥Ethereum (ETH) continues to hold its position as the second-largest cryptocurrency by market capitalization, and the second quarter of 2025 is proving to be a crucial period for ETH traders and investors. Let’s break down today’s market performance, analyze on-chain and technical signals, and outline a smart trading strategy.
🌟1. Market Overview
Price (as of writing): $3,170
24h Change: +1.85%
Volume: $14.2B
Market Cap: $380B
ETH has been consolidating just above the $3,100 support level. After a slight retracement over the weekend, bulls have managed to reclaim key short-term resistance, indicating momentum is building again.
🌟2. Technical Analysis
Support Levels: $3,100 / $2,960
Resistance Levels: $3,250 / $3,380
200 EMA (Daily): Holding below current price – bullish structure
RSI: 58 (neutral to slightly bullish)
MACD: Bullish crossover confirmed on 4H and daily chart
Ethereum is forming a potential ascending triangle on the 4H chart. Breakout above $3,250 could ignite a quick rally toward $3,380–$3,450.