$ETH
Ethereum (ETH) Price Analysis – Wednesday, May 14, 2025
Current Price: $2,626.75
Change in 24 Hours: Increase of 6.9%
Highest Price Today: $2,709.34
Lowest Price Today: $2,457.20
Market Cap: $316.68 billion
Daily Trading Volume: $34.66 billion
Global Ranking: #2 among cryptocurrencies
Analytical Overview:
Ethereum has seen a notable increase of 6.9% over the last 24 hours, reaching $2,626.75. This rise comes after the successful recent upgrade "Pectra" which improved network performance and reduced gas fees.
From a technical perspective, the RSI is at 65, indicating strong buying momentum. The MACD also shows a bullish crossover. If the price surpasses the resistance level of $2,750, we may see a surge towards $3,000 and possibly $3,500 in the coming weeks.
Important Levels:
First Support: $2,500
Second Support: $2,320
First Resistance: $2,750
Second Resistance: $3,000