#ETHCrossed2500 As of May 11, 2025, Ethereum (ETH) is experiencing a strong bull run, with the current price around $2,500.

Technical Analysis

Breakout of technical pattern: ETH has broken out of a months-long descending wedge pattern, indicating a clear bullish trend.

Resistance and support:

Near resistance: $2,400 – $2,550

Next resistance: $2,700

Key support: $2,300 and $2,145

Technical indicators:

RSI: 72 – indicating the market is in overbought territory, which may lead to a short-term correction.

MACD: Bullish crossover signal, confirming the upward momentum.

Trading volume: Increased significantly, with over $1.2 billion traded in the last 24 hours on Binance.

📈 Short-term prediction

Price target: If ETH maintains above $2,400, it could aim for the range of $2,520 – $2,550 in the short term.

Correction risk: With RSI at high levels, the possibility of a correction to the range of $2,300 – $2,250 may occur if selling pressure increases.

CryptoRank

🧭 Conclusion

Ethereum is in a strong upward trend, supported by both technical and fundamental factors. However, investors should be cautious of the potential for short-term corrections and monitor key support levels to manage risk effectively.