Ethereum target price of $3000, but the price faces key resistance
ETH Analysis: May 14, 2025 Daily Chart
Ethereum has been strong these days, still so powerful! The high has already broken through to the 2700 level, getting one step closer to the key position of $2800 mentioned by Sheng Jie! Currently, the Ethereum price has retreated to around 2600, and with such a fierce rise, a mid-game break is also necessary. Pay attention to the rebound after the pullback's support position!
In terms of trends:
The daily level continues to strengthen and is approaching the key position near 2800. Here, a small level has also started to show a wave of downward adjustments, just hitting back to the previously effective high point around 2580. Let's see if it will continue to strengthen. In the short term, pay attention to the pressure position above around the high point of 2740; if it breaks through, it is highly likely to break through $2800 and return to the $3000 mark! Below, pay attention to the short-term support at 2580.
This time, Brother Sun really made a profit; it seems Brother Sun's cut is real, but he is really not a rookie! It also shows that being stuck is only temporary; holding on until the end is what makes one the winner!
