🔥🔥⚡ETHEREUM (ETH) ANALYSIS – MAY 11, 2025 🚀📈
Ethereum (ETH) is currently trading at approximately 2,581.01 as of May 11, 2025, showing a 10.5
*TECHNICAL OUTLOOK* 🔍
- Support levels:2,400 and 2,200 💪
- Resistance levels:2,600 and 2,800 🚧
*INDICATORS* 📉
- RSI: 65.4, approaching the overbought zone ⚖️
- MACD: Bullish crossover, confirming a strong uptrend 🚀
- 50-day moving average:2,350
- 200-day moving average: 2,000
*TARGETS* 🎯
- Short-term target:2,600 🎯
- Mid-term target: 2,800 🌟
*CONCLUSION* 💭
Ethereum (ETH) is currently in a strong bullish phase, and the recent surge above2,500 highlights its potential for further gains. However, with the RSI nearing the overbought zone, caution is advised as a pullback might occur. Keep an eye on the key support levels around 2,400 and2,200 for potential entry points. 💡📈
This analysis is not investment advice. Always do your own research before making any investment decisions. 🔍💼
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