Ethereum (ETH) in May 2025, updated as of May 17:
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📈 Price Movement and Trend
Strong increase in May: ETH has risen over 50% since the beginning of the month, from around ~$1,800 to approximately 2,700$ , boosting investor confidence
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🔍 Technical Analysis
1. Resistance and Support
Important resistance: $2,700–$2,850. If surpassed, ETH could aim for $3,000 and $3,350.
Strong support: $2,250–$2,300 and $2,000. These are potential buying zones if a short-term correction occurs.
2. Technical Indicators
RSI: Currently, RSI is decreasing to a level of 39.31, indicating that the upward momentum may be weakening and a short-term correction is possible.
MACD: A bullish crossover has occurred on the weekly chart, reinforcing the medium-term uptrend.
EMA50: Price is trading above the EMA50 line, supporting the short-term uptrend.
3. Price Pattern
ETH has broken out of the descending channel, confirming a new upward trend. If it holds above $2,500, the likelihood of continued increase is high.
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📊 Short-Term Forecast
Bullish Scenario: If ETH closes above $2,700 with high volume, the next target is $2,900–$3,000.
Correction Scenario: If it cannot maintain the $2,500 level, ETH may correct to the $2,250–$2,300 range before continuing the upward trend.
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🧠 Conclusion
Ethereum is in a strong uptrend in May 2025, supported by positive technical and fundamental factors. However, investors should closely monitor important support and resistance levels to make informed trading decisions.
