Ethereum (ETH/USDT) Signals Strong Bullish Momentum – Update
Date: May 21, 2025
Timeframe: 4H Chart
Current Price: $2,532.06 (+1.85%)
Key Highlights:
Support Held at $2,323: ETH formed a solid base around $2,323.21, showing a sharp rebound with high buying volume.
Parabolic SAR Flip Bullish: The SAR dots have moved below the candles, indicating a potential uptrend reversal.
MACD Momentum Increasing: MACD line (6.5) is significantly above the signal line (2.0), and the histogram remains green, signaling bullish momentum.
RSI Neutral-Bullish: The RSI is at 54.91, suggesting there's still room for upward movement before overbought conditions.
Stochastic Bullish Crossover: K line (58.41) is above D line (62.31), and momentum appears to be building for a new leg up.
Resistance & Support Levels:
Immediate Resistance: $2,576 – $2,615
Major Support: $2,485 – $2,323
Volume Surge: Increased buying volume confirms strong interest around the $2,400 level and supports the recent bounce.
Signal Summary:
Short-Term Signal: BUY
Target Levels: $2,615, $2,738
Stop-Loss: Below $2,393 (to protect against a breakdown)
Conclusion: Ethereum shows strong signs of a short-term bullish continuation. Traders may consider entering long positions with tight risk management as the price approaches key resistance zones.
