$ETH

**Ethereum Surges Past $2,500: Bullish Momentum or Overbought Risk?**

As of May 17, 2025, Ethereum (ETH) is trading at approximately $2,500.65, reflecting a significant rebound from April lows near $1,800. This surge represents a nearly 56% increase over the past month, driven by renewed investor confidence and macroeconomic factors.

Technical analysis indicates strong bullish momentum. The Relative Strength Index (RSI) has declined to 39.31, suggesting a potential shift in momentum, with bearish divergence indicating that the bullish run may be losing steam.

Key resistance levels are identified at $2,622 and $2,701, with support around $2,476 and $2,410. Analysts caution that while the breakout is promising, the overbought RSI may lead to short-term corrections.

In summary, Ethereum's recent performance reflects a strong bullish trend, but investors should be mindful of potential pullbacks due to overbought indicators.