Current price: $2,441.73 (updated at 06:15 AM, 19/05/2025)
1. Trend analysis & impact information
• Technical: After rising more than 35% from the $1,950 range, ETH has reached the resistance level of $2,660–$2,700 and is currently adjusting to the $2,470–$2,500 range. On the 4-hour chart, ETH is trying to recover from the lower Bollinger Band near $2,456 and the EMA 50 at $2,456, both of which act as short-term support.
• Impact information: The Pectra upgrade of Ethereum has improved scalability and user experience, helping ETH increase by 45% in May, outperforming Bitcoin and Solana. However, the number of whale wallets has decreased to below 5,400, indicating caution from large investors.
2. Proposed trading strategy
Long scenario:
• Entry: $2,470–$2,500
• Stop-loss: $2,430
• Take-profit: $2,600 – $2,700
• Probability of success: ~65%
Reason: ETH is seeking support in the $2,470–$2,500 range, with a potential recovery if it surpasses the resistance at $2,535–$2,560.
Short scenario (if support is broken):
• Entry: $2,430
• Stop-loss: $2,470
• Take-profit: $2,350
• Probability of success: ~35%
Reason: Should only be considered if ETH breaks strong support, however, the probability is low as the overall trend remains bullish.
3. Conclusion
Ethereum is in a correction phase after a strong increase, with many technical signals and information supporting the next bullish trend. The short-term Long strategy has a higher probability of success; however, strict risk management and close monitoring of key support/resistance levels are necessary.