Ethereum Market Trend Analysis 20250522

Ethereum has formed a doji candlestick pattern for four consecutive days, maintaining a slight upward trend. However, the price has experienced significant fluctuations on an hourly basis, and trading volume continues to increase, making it susceptible to a potential upward surge. If it breaks upward strongly, it could surpass the psychological barrier of $2800, which also serves as a neckline resistance level, and then continue to approach the psychological level of 3000.

In recent days, Bitcoin has been strong, while Ethereum has been making way for Bitcoin's rise.

This upward trend is still on a 12-hour timeframe, having retraced to the 12-hour MA30 line, which coincidentally aligns with the 6-8 hour EMA52 line. The MACD has also returned to the zero axis, indicating that it is set to resonate and rise on a 6-8 hour timeframe. From this perspective, Ethereum is also poised for a surge.

Therefore, as long as Bitcoin does not decline and retrace at high levels, Ethereum is likely to experience a rally to catch up.

Daily resistance levels: 2750-2860-3065-3260; support levels: 2350-2250-2160-2000.