🚨 ETH/USDT Technical Analysis – May 16, 2025 🚨
1- Ethereum is trading around $2,596, showing signs of consolidation after recent gains.
2- Key Levels:
🔹 Support: $2,500, then $2,400
🔹 Resistance: $2,700, then $2,800
3- Indicators:
📈 RSI is neutral, suggesting room for movement 📉
MACD indicates bullish momentum 🟢 Price remains above the 50-day EMA
4- Ethereum's price structure remains bullish as long as $2,500 holds – potential for new highs if momentum continues.
5- Trade Setup:
👉 Consider long positions if price breaks above $2,700
👉 Potential entry near $2,500 support
👉 Stop loss below $2,400
👉 Target: $2,800 and beyond
6- Institutional interest and macroeconomic factors continue to support bullish sentiment.
7- As always: DYOR & implement proper risk management! 🛡️
