🔥 Ethereum (ETH) Price Analysis – 13 May 2025 | Bearish Reversal Ahead?
Ethereum recently surged to a high of $2,600, but the rally seems to be losing steam. Current market indicators suggest that ETH could face a short-term correction as bearish pressure mounts.
Latest Ethereum Market Signals:
🔻 RSI (Relative Strength Index):
Now trading below 50, signaling growing bearish momentum.
🔄 MACD Update:
Bullish momentum is fading, and the MACD is edging into the bearish zone.
🛡️ Key Support Levels:
$2,350 – Critical support
Below that, potential drops to $2,275 and even $2,220
🧱 Strong Resistance Zones:
$2,500
$2,600
These levels are acting as strong barriers to further upward movement.