ETH/EUR Technical Analysis – 18 May 2025
ETH is currently trading near €2,239, showing promising signs of stabilization after the recent dip. Let’s take a closer look at both short-term and mid-term signals.
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1H Chart Insights:
• Support: Strong defense seen at €2,193, with a rebound from the lower Bollinger Band.
• MACD: Bullish crossover in progress; histogram turning green — early momentum shift.
• Bollinger Bands: Price climbing above the middle band — a potential move toward the upper range near €2,257–€2,297.
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4H Chart Insights:
• Consolidation: ETH holding above key support around €2,218, staying inside the Bollinger Bands’ lower half.
• MACD: Bearish pressure easing off; histogram is flattening — could flip bullish on the next few candles.
• Resistance: Middle Bollinger Band at €2,269 is the key barrier to reclaim for a move toward €2,448.
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Outlook:
ETH is forming a potential base between €2,193–€2,218. If the price maintains current strength and breaks above €2,275, a test of €2,448 and higher remains on the table. Watching the MACD closely — a confirmation across both timeframes could signal the next bullish leg.