$ETH Ethereum (ETH) on May 23, 2025:
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📈 Current price and technical trends
As of this morning, ETH is trading around $2,709, slightly up from the previous day. Over the past two weeks, ETH has rebounded strongly by more than 50%, surpassing the $2,600 threshold, supported by the "Pectra" upgrade – improving transaction speed and reducing costs, thereby enhancing investor confidence.
Currently, ETH is testing the resistance area around $2,739 – the peak on May 14. If it surpasses this level, ETH could aim for the next target in the range of $2,800–$2,900. Conversely, if it cannot hold above the support level of $2,500, the price may drop to the $2,300 range.
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📊 Short-term technical analysis
• RSI indicator: currently at 68, indicating increasing buying pressure.
• Parabolic SAR: has moved below the price, signaling a potential trend reversal to bullish.
• ADX & MACD: indicating strengthening bullish momentum, supporting a positive trend in the short term.
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🐋 Movements from large investors
The supply of ETH on exchanges has decreased to the lowest level since August 2024, indicating a trend of accumulation. Over the past 9 days, "whales" have purchased more than 670,000 ETH, reinforcing the current price increase.
