Ethereum Market Trend Analysis 20250524

The hourly trend is moving in sync with Bitcoin and has not continued to show an independent strong trend.

This wave is a 12-hour upward trend, and currently, there is insufficient upward momentum, barely forming an invisible top divergence pattern. The current price has rebounded after being supported by the 6-hour EMA52 line and is now fluctuating. The support level at the 6-hour level is easily pierced, and the price needs to continue to drop to the vicinity of the 12-hour EMA52 line to find support, which is around 2315, coincidentally at the position of the upper blue line.

In terms of the daily trend, in the short term, it still primarily follows Bitcoin, needing to adjust for a period and see if it can continue to rebound.

The strong support position at the daily level is at the daily MA30 line, which just happens to coincide with the MA120 line position, forming strong support together. If the price drops and touches here, one can boldly enter, with the price at 2212.

The resistance levels at the daily level are 2750-2860-3065-3260, and the support levels are 2410-2320-2210-2120-2000.