Technical analysis of Ethereum $ETH dated May 15, 2025:
🔶General trend:
The price is currently trading at 2619.66 dollars after a strong rise from the April bottom.
The upward breakout of the downward trend line in early May strengthened the upward momentum, with a breakout of the positive cloud in the Ichimoku indicator on the daily and weekly timeframe.
🔍 Technical indicators:
MACD shows a positive crossover on the daily and weekly timeframes, with an increasing bullish histogram.
RSI ranges between 53 and 77 across different timeframes, indicating strong momentum without entering the overbought territory.
Bollinger Bands: The price is moving near the upper limit on the daily timeframe, indicating a potential short-term cooldown.
Ichimoku:The price is above all signal lines on the daily, weekly, and monthly timeframes, reflecting buyer dominance.
📉Liquidation Heatmaps:
There is a high concentration of liquidation liquidity between 2640 – 2700 dollars, which is a projected resistance area.
Strong support levels at 2480 – 2400 dollars based on the density of open liquidation orders.
📈General outlook:
The trend is upward in the medium and short term.
Consolidation above 2550 dollars supports continued momentum towards 2750 then 2880.
Breaking below 2400 weakens the bullish scenario.
🎯 Areas to watch:
Important support: 2400 – 2480 $
Very strong current resistance: 2700 – 2880 $
Will we witness a surge towards 3000? Or is it just a stop before further rises? Share your opinions👇
Risk management is the key to success! 🚀
📢 Note: The analysis is not considered financial advice; make your decisions wisely. 🚨
