#TradeLessons
Ethereum Market Update – May 13, 2025
Ethereum (ETH) is currently trading at approximately $2,543.73, marking a modest increase of 0.96% over the past 24 hours. This upward movement follows a significant rally last week, where ETH surged nearly 40%, driven by renewed investor confidence and the successful implementation of the 'Pectra' upgrade, which enhanced staking capabilities and network efficiency.
However, recent trading activity indicates a potential resistance zone between $2,500 and $2,540, as evidenced by a technical rejection in this range, highlighting the presence of short liquidity. The liquidation heatmap suggests that a clear breakout above $2,540 could pave the way for a move towards $2,700, while immediate support lies between $2,380 and $2,300.
Trade Signal: Considering the current market dynamics, traders might look for a confirmed breakout above $2,540 to initiate long positions, targeting $2,700. Conversely, if ETH fails to hold above $2,500, a short position could be considered, aiming for the $2,380 support level.
Stay informed and trade responsibly.
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