$ETH Technical Analysis – May 2025
🚀 $ETH Breaks Out
$ETH is finally receiving some serious attention. On May 8th, broke above the 200 EMA (~$0.63) with strong volume, flipping it into solid support. Since then, it has been consolidating just below resistance at $0.75—a bullish sign
📊 Technical Snapshot
The 200 EMA is trending up—clear bullish signal; the RSI is at 61—moment is strong, but there is still room to run. This setup appears to be classic bullish consolidation; if we hold above $0.63, the bias will remain positive.
PI/USDT Breakout Looms: Eyes on $0.75 for a Move Toward $0.89
If $0.75 breaks, the next target is $0.84–$0.89; a clean break above $0.75 could confirm a bullish continuation. Dip buyers may want to watch the 200 EMA for entries.