🚀 Strong bullish outlook for Ethereum price $ETH at #Binance ! 🚀
In May 2025, #Ethereum experienced a strong increase from around $1800 to over $2500, with continued positive momentum and strong technical support. The price is currently trading above the key moving averages, with technical indicators like MACD confirming the continuation of the bullish trend, and a "bull flag" pattern on the 4-hour time frame indicating the potential for a new upward wave.
🔹 Upcoming resistance levels:
$2700 (breaking this level could push the price towards $2750–$2900 during May).
$2900 as a short-term target.
🔹 Strong support:
$2250–$2300 as potential support areas for a healthy correction before continuing upward.
🔹 Fundamental factors:
Increase in institutional flows into Ethereum.
Ongoing developments in Layer 2 solutions that improve the speed and efficiency of the network.
Accelerated growth in the decentralized finance sector #defi on the Ethereum network, with the total value locked reaching record levels.
📈 Future outlook:
According to Binance analyses, Ethereum's price is expected to reach the range of $4,400–$5,900 by the end of 2025 if the current momentum continues, with the possibility of reaching higher levels if global economic conditions improve and network usage increases.
