On May 13, 2025, Ethereum ($ETH ) recently peaked at $2,600 but is now showing bearish signals. Analysts warn of a potential short-term correction.

Key Technical Indicators:

RSI has dropped below 50, indicating weakening momentum

MACD is shifting to the bearish zone

Support Levels: If ETH falls below $2,350, it may drop further to $2,275 or even $2,220

Resistance Levels: Strong resistance around $2,500 and $2,600

Market Sentiment:

Fear & Greed Index is at 70 (Greed), suggesting market overconfidence

On-chain Data shows a 15% increase in exchange inflows, indicating rising selling pressure

Analyst Outlook:

CoinCodex expects ETH to fall to $2,258.10 (a drop of -11.66%)

Michaël van de Poppe sees $2,100–$2,250 as strong buying zones

Conclusion:

ETH faces increased short-term correction risk. $2,350 is a crucial support level. If broken, further downside is likely. Traders should clarify their strategies and stay aligned with market trends.

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