$ETH Technical Analysis of Ethereum (ETH) – May 11, 2025.

Ethereum is currently trading around $2,488, showing strong bullish momentum after rebounding from mid-April lows near $1,400. Price action has formed a clear upward channel on the 4-hour chart, indicating stable accumulation and upward pressure.

Support Level: Key support holds at

$2,400, the previous resistance zone that now serves as a strong base.

Resistance Level: Immediate resistance is at $2,580. A break above this could pave the way towards the psychological level of $2,800.

Moving Averages: ETH is trading above the 50-day EMA and the 200-day EMA, confirming a bullish crossover and reinforcing the uptrend.

RSI (Relative Strength Index): The RSI is around 64, indicating healthy bullish momentum without being overbought.

MACD: The MACD histogram shows positive momentum, with widening divergence between the MACD line and the signal line.

Outlook: As long as Ethereum remains above $2,400, the bias remains bullish. A break above $2,580 with volume could trigger a continued rally. However, a drop below $2,400 could lead to short-term profit-taking towards $2,200.

#ETHCrossed2500 $ETH