"Ethereum 2400 Key Support Defense Battle! If it breaks below or dips to 2280, a rebound requires a strong breakthrough at 2580? Beware of selling risks!"
Ethereum is similar to Bitcoin, but it has dropped a bit in the last couple of days, and the price is now close to the short-term oscillation zone support. The chart shows that the short-term support near 2420-2400 is very close, so it depends on whether it can rise strongly!
In terms of trends: $ETH
Currently, the issue is whether the support near 2420 can hold. If it is broken, there may be a panic selling risk. The next support will be around 2280. After breaking the current support, we should pay attention to the support situation at that level. The resistance for a rebound can be observed around 2580; to rise strongly, it needs to break and stand above this resistance level!
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ETH Analysis: May 18, 2025 Daily Chart