Stand firm at the oscillation midline of 2530, with 2580-2600 being the critical watershed for bulls and bears
Ethereum is also strengthening alongside Bitcoin, returning above 2420 and breaking through 2500 USD, currently oscillating in the 2530-2540 range, which can be considered a return to the middle position of the oscillation range!
In terms of trend:
The direction of Ethereum's trend still has considerable controversy, as many seem to be bearish around 2150! However, looking at the overall trend, after stabilizing and recovering above 2420, it has returned to the middle position of the oscillation range. In fact, it is unrealistic for an independent market to appear here; the probability of moving in the direction of Bitcoin is greater! However, in terms of cost-effectiveness, Ethereum is certainly more cost-effective than Bitcoin. Next, pay attention to whether the upper resistance at 2580-2600 can be broken and stabilized, while the lower support focuses on the support at 2420-2400!
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ETH Analysis: May 20, 2025 Daily Chart
