May 11, 2025, 12:24 PM IST
Ethereum ($ETH) has surged past the $2,500 mark, trading at $2,563.12 as of 12:24 PM IST on May 11, 2025, according to real-time market data from CoinMarketCap. The hashtag #ETHCrossed2500 is trending as the second-largest cryptocurrency by market cap records a 24-hour trading volume of $28.74 billion, reflecting heightened investor interest. Here’s a real-time price analysis and what’s driving this rally.
$ETH/USD Price Analysis
The $ETH/USD pair has broken through the key $2,500 resistance level, a threshold that had previously capped gains, as noted in recent market analyses.
Here’s a breakdown of the current technicals:
Current Price: $2,563.12, up 0.16% in the last 24 hours.
Support Levels: $2,500 (now acting as support after the breakout) and $2,411 (a recent low from May 10).
Resistance: $2,915, a heavy supply zone identified by TradingView, with the next psychological barrier at $3,000.
Momentum Indicators: The RSI sits at 68, indicating bullish momentum but nearing overbought territory. The MACD shows a bullish crossover, supporting the upward trend, though a “death cross” warning from earlier analyses suggests caution for a potential reversal.
Volume Analysis: A 24-hour trading volume of $28.74 billion indicates strong buying pressure, though profit-taking risks remain if the Fear & Greed Index, currently at 73, signals overheating.
#ETHCrossed2500