Ethereum (ETH) – Market Update (May 18, 2025)
Current Price
ETH $ETH is trading around $2,475, after reaching as high as $2,700 earlier this week. The price recently bounced from the $2,447 support and is now attempting to break above the $2,548 resistance.
Source: YCharts
Technical Analysis
Ethereum is showing bullish momentum with potential to break the $2,548 resistance.
If it closes above $2,527, analysts suggest a breakout may occur.
Key levels:
Support: $2,447
Resistance: $2,548 → Next target: $2,745
Source: CryptoNews, FXLeaders
On-Chain & Sentiment Insights
Over 18,000 ETH has flowed out of exchanges in the past 48 hours, indicating strong institutional accumulation.
ETH's RSI is at 62, showing bullish momentum without being overbought.
Spot buying is driving current price action.
Source: Blockchain.News
Network Update
Ethereum developers introduced EIP-7928, a proposal to enable parallel transaction execution, which could significantly improve network scalability.
Source: TradingView / U.Today
Future Outlook
A confirmed breakout above $2,548 could push ETH towards $2,745 in the short term.
Analysts predict a potential rise towards $3,800–$4,000 later this year if bullish sentiment continues.
Source: CryptoNews, Blockchain.News
Summary:
is showing strong recovery signs both technically and on-chain. With increasing institutional interest and a major EIP in development, ETH may be gearing up for its next leg up.