The price of ETH is at risk of further decline, as sellers aim for 2027
Ethereum has been behaving like a bad boyfriend during this wave; just recently, everyone was shouting that Ethereum had broken through, urging others to jump in! And now it has turned into garbage Ethereum, deceiving people again! A large bearish candle has directly dropped back below the resistance zone. Brothers, did anyone rush in to stand at the peak?
In terms of trends: On the smaller time frames, we can see that it just broke through the resistance zone at 2580, which is also where many trend followers entered the market. Who would have thought that there would be an immediate reversal, and the long positions that jumped in got hit again! If a new downtrend opens up, then keep an eye on the support level near 2350; it's not recommended to operate too much in between, as Ethereum's trend is still quite uncertain!
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ETH outlook analysis: May 21, 2025 daily chart
