Ethereum Market Trend Analysis 20250518

The trend of Ethereum is relatively weaker than that of Bitcoin. Currently, it is experiencing normal oscillation and a downward retracement.

As we mentioned before, if the price can retrace to around 2330, it would be a healthy trend. A rapid short-term rise can bring significant market stimulation, but it is not sustainable. After the downward retracement finds a support level, a solid foundation will allow for further upward movement.

Ethereum's current surge is driven by 12-hour momentum. The price has now retraced to the vicinity of the 4-hour EMA52 line for oscillation, but the fast line of the 4-hour MACD has already crossed below the zero line, making it easier for the support of the 4-hour EMA52 line to be breached. The price may decline towards the 6-hour MEA52 line before rebounding. Currently, the price is around 2360, which will be a short-term entry point for long positions.

The weekly chart currently shows a doji candle with long upper and lower shadows. Next week will primarily see oscillation. If the trend synchronizes with Bitcoin, it will first decline and then rise, which needs attention.

Daily level resistance at 2750-2860-3065-3260, support at 2360-2290-2160-2000