ETH Daily Double Top Warning! After losing support at 2550, it dips to 2350. Will the market close on Monday trigger a rebound?
Ethereum still hasn't been able to break through the strong resistance zone above, and a double top structure has appeared on the smaller time frame, with the current price hovering around 2550. It has already fallen below the support mentioned by Ms. Sheng a couple of days ago. This wave of selling led by Bitcoin has had quite an impact!
In terms of trends:
Ethereum's overall small time frame range has not shown an effective breakout, and the highs above have touched down again. Therefore, the bottom of the oscillation range can focus on the vicinity of 2350. However, over the past two days (Saturday and Sunday), there hasn't been any significant fluctuation. On Monday, as the U.S. stock market is closed, this could give Ethereum an opportunity for a rebound. The focus above should still be on the position that Ms. Sheng has been emphasizing!
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ETH Analysis: May 24, 2025 Daily Chart
