As of May 11, 2025, Ethereum (ETH) has broken above the $2,500 level. While this appears to be a potential breakout, the market remains sensitive, and it is still too early to draw final conclusions.
Arguments for a breakout:
— ETH shows strong momentum with growth in recent days
— Technical indicators, including exceeding the 50-day average and golden crosses, indicate a bullish scenario
— Trading volumes above average confirm buyer interest
— Pectra updates and overall improvement in market sentiment support growth
— May has historically been a favorable month for ETH
What could indicate a fake-out:
— The $2,500 level is a strong resistance zone, pullbacks are possible after testing
— High concentration of liquidations between $2,496 and $2,080 may pull the price down
— The market remains volatile, sentiment can change quickly
— It is important for ETH to hold above $2,500 and confirm the support level after the breakout
Possible scenarios:
Rise to $3,000:
Institutional flows into ETFs, growth in DeFi, positive technical signals, and strong volume may stimulate further growth to $2,600, $2,850, and even $3,000.
Pullback before a new rise:
Strong resistance at $2,500, profit-taking, and potential liquidations may trigger a short-term decline to $2,400–$2,300 before a new wave of growth.
Key levels:
— Resistance: $2,500 / $2,600 / $2,850 / $3,000
— Support: $2,400 / $2,300
Conclusion:
ETH is approaching a critical moment. Continued growth is possible, but confirmation of the breakout and price stability above $2,500 remain critical.