#Ethereum Bulls Hold Firm Above Key Support – What's Next for ETH?

Ethereum’s recent daily chart action shows sustained strength above the $2,600 mark, with bulls defending support levels while eyeing resistance just below $2,700.

Technical indicators like MACD and EMAs point to a strong uptrend, while the RSI suggests caution as the asset hovers in overbought territory. The market is watching closely to see whether ETH will break through its resistance band or cool off in the short term.

For traders and analysts, this setup highlights potential entry opportunities on pullbacks and momentum-based breakout trades above $2,694. The broader structure remains bullish, but risk management is essential given the current momentum dynamics.

#ETH #CryptoAnalysis #TechnicalAnalysis $ETH

Read the full analysis: www.ecoinimist.com/2025/05/16/ethereum-bulls-hold-line-macd-slows