As of May 13, 2025, Ethereum is trading around $2,509.91, showing a slight decrease of 1.46% over the last 24 hours. Despite the short-term correction, ETH continues to demonstrate positive momentum after a recent surge, when the price rose from $1,800 to nearly $2,600 over the past two weeks.
Key levels:
Resistance: $2,540
Support: $2,400
Technical indicators suggest a continuation of the bullish trend. The Relative Strength Index (RSI) is at 62, indicating positive momentum without signs of overbought conditions. Additionally, a 'golden cross' is forming, where the 50-day moving average crosses above the 200-day moving average, which is traditionally considered a strong bullish signal.
Trading volumes are also increasing, with a daily volume of over $7.8 billion on Binance, which is 22% higher than the previous period. This indicates growing interest from investors and traders.
Conclusion: Ethereum is demonstrating steady growth, supported by technical indicators and increased trading activity. A breakout above the resistance level at $2,540 could pave the way for further growth, while a decline below $2,400 may lead to a short-term correction. Investors should closely monitor market signals and be prepared for potential fluctuations.
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