Technical Analysis of Ethereum (ETH) on 19.05
Current Price: approximately $2,371.92 USD.
Change in 24 hours: -0.47%.
Daily Range: $2,369.07 – $2,577.96.
Trading Volume: increased, indicating market activity.
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📈 Chart Analysis
On the 30-minute chart, ETH has formed a 'falling wedge' pattern — a classic figure for trend recovery. A breakout at the $2,535 level could lead to short-term growth to $2,600. Support is located in the range of $2,470–$2,490, confirmed by the RSI and MACD indicators.
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📊 Key Levels
Support: $2,470–$2,490.
Resistance: $2,535–$2,600.
Key level for breakout: $2,535.
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🧭 Conclusion
Ethereum shows signs of recovery after a minor correction. If the price closes above $2,535, it may indicate further growth to $2,600 and above. Traders should monitor the $2,535 level to determine the direction of the next move.
