📊 #ETHMARKETWATCH – Ethereum Update | 23 May 2025

Price Overview:

Current Price: $2,708.72 USD

24h Change: +$115.23 (+4.44%)

Intraday High: $2,718.92

Intraday Low: $2,593.49

Market Insights:

Bullish Momentum: Ethereum has broken through key resistance levels, retesting $2,667 with rising momentum. RSI and MACD indicators suggest a bullish continuation, though short-term overbought risks remain.

ETF Inflows: Ethereum funds have hit a 2025 record, indicating growing institutional interest.

Whale Activity: A notable transaction saw an Ethereum whale sell 1,000 ETH for $2.65 million, reflecting active market participation.

Technical Levels:

Resistance: $2,745–$2,800

Support: $2,564

Outlook:

Ethereum is showing strong performance, with technical indicators supporting a continued uptrend. However, traders should monitor for potential overbought conditions and watch key support and resistance levels for signs of consolidation or reversal.