Ethereum Market Analysis and Strategy (5.16) Last night ETH fell back after reaching the first resistance level and rebounded at the 2520 support level.

Key levels: Bullish conditions: Maintain above 2550 on the 1-2 hour level, with short-term potential for continuation upward, upper resistance at 2597/2635/2677.

Bearish risk: If it falls below 2550, the rebound ends, with support levels at 2515/2475/2415.