Current Price: $2,505.88
24h Change: +0.0125%
Intraday High: $2,522.62
Intraday Low: $2,456.87
Technical Overview:
Support Levels: $2,475, $2,447
Resistance Levels: $2,548, $2,700
RSI (14-day): 68 (indicates bullish momentum without overbought conditions)
Stochastic RSI: 68 (suggests potential for further upside)
Market Sentiment:
Ethereum has experienced a 35% surge over the past two weeks, reaching a high of $2,700 on May 13. However, the price has struggled to maintain momentum above $2,500 in recent days.
Analyst Insights:
Analysts suggest that a breakout above the $2,548 resistance level could pave the way for a move towards $2,745. Institutional interest remains strong, with significant investments observed in recent weeks.