#ETHCrossed2500

ETH/USDT 15-Minute Chart Analysis (May 12, 2025)

Current Price: $2,500.47

24h High: $2,562.47

24h Low: $2,435.51

24h Volume (ETH): 743,811.50

RSI (6): 30.15 — oversold territory

Bollinger Bands:

Upper Band: $2,535.55

Middle Band (Basis): $2,514.57

Lower Band: $2,493.59

Technical Observations:

ETH price is now trading below the middle Bollinger Band, testing the lower band.

The RSI of 30.15 suggests ETH is oversold in the short term, indicating a possible bounce or at least a consolidation.

Recent candles show increasing bearish pressure, but also buyers stepping in around $2,494–$2,500.

Short-term support is around $2,493–$2,494; resistance is near the mid-band at $2,515 and upper band at $2,535.

Ethereum (ETH) has taken a short-term hit, dropping to $2,500 after peaking at $2,562 in the past 24 hours. The drop comes amid broader market hesitation and appears to be losing steam as technical signals flash early signs of potential reversal.

The Relative Strength Index (RSI) on the 15-minute chart has dipped to 30, signaling that ETH has entered oversold territory. Simultaneously, the price is hugging the lower Bollinger Band, a technical zone that often attracts short-term buyers looking for a bounce.

Still, caution is warranted. While ETH may see a relief rally, sustained bullish momentum would only return on a breakout above the $2,515–$2,535 resistance range.

For now, traders are watching the $2,493 support level closely. A break below could open the door for further downside toward $2,475–$2,450. However, if bulls reclaim momentum, a move back toward $2,520+ is not out of the question.