📊 Ethereum (ETH) Market Analysis – May 2025
🎯 Current Price Range: ~$2,775
📆 Timeframes Analyzed: Daily, ETH/BTC Pair, 4-Hour Chart
🧠 Technical Overview
Ethereum is currently in an impulsive move up, following a breakout from the April low. We're tracking two possible wave structures:
1. Bullish Scenario (Preferred if 5-wave pattern completes): ETH is potentially in a 5-wave A move, which would signal a stronger uptrend and set the stage for a B pullback followed by a C continuation.
2. Cautious Scenario (if only 3 waves complete): ETH may be forming a simple ABC corrective structure. If this is the case, the current move could end soon, followed by a retracement.
📈 Key Technical Zones
Support Levels:
• $2,572–$2,610: Micro support zone (watch for pullbacks here)
• $2,410: Major short-term trend support (break below invalidates bullish momentum)
Resistance / Extension Targets:
• $2,775: Recent high / key resistance
• $2,911: Next Fibonacci extension target
• $3,000+: Psychological resistance (mid-term)
• 0.039: Critical breakout level for trend reversal in ETHBTC
📌 Trade Setup
Scenario 1: Bullish Continuation
• Entry: $2,620–$2,650 (on confirmed support bounce)
• Target 1: $2,775
• Target 2: $2,911
• Stop Loss: $2,570
• Risk/Reward (T1): ~1.5:1
• Risk/Reward (T2): ~2.5:1
Scenario 2: Conservative Reversal Watch
• Sell/Short Trigger: Break below $2,410
• Target: $2,200
• Stop Loss: $2,490
🔄 Summary
Short-term trend remains bullish. A confirmed 5-wave structure would validate more upside potential. Break below $2,572 = early warning. Drop under $2,410 = stronger sign of local top. 🧠 Watch for: Sideways consolidation into a 4th wave before continuation. Expect 1–2 weeks of volatility.