As of May 17, 2025, Ethereum (ETH) is trading at approximately $2,593.55, reflecting a 3.46% increase over the past 24 hours. The intraday high reached $2,631.38, while the low was $2,506.90.
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📈 Technical Analysis Overview
Short-Term Momentum: TradingView's technical indicators suggest a Buy signal for ETH/USDT, with moving averages indicating a Strong Buy.
Support and Resistance Levels:
Immediate Support: $2,560, near the EMA(99), is considered a critical support level.
Resistance Zone: Between $2,580 and $2,582, aligning with EMA(25) and EMA(7).
