#ETHUpdate | Ethereum Eyes $2,600 — Bull Trap or Breakout?

Timestamp: May 18, 2025 – 00:47 UTC

Ethereum is testing a critical resistance zone around $2,580–$2,600, and traders are watching for a decisive move.

📊 Current Price: $2,573

Volume: Up 7.2% (24h)

RSI: 64 — approaching overbought

MACD: Slightly bullish crossover holding on the 4H

Funding Rate: +0.012% — leverage building

🔍 Key Levels:

Resistance: $2,600 → breakout watch

Support: $2,470 → previous retest zone

Next upside target: $2,780 (if $2.6K flips support)

🧠 Strategy Insight:

Scalpers: Wait for rejection or reclaim confirmation

Swing traders: Consider breakout entry only on strong volume + BTC support

Sentiment:

No euphoria yet — but ETH is coiling tightly for a larger move.

Follow GrowEasy for Ethereum setups that don’t miss.

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