Ethereum Market Trend Analysis 20250519

The weekly chart shows a small bearish candle with long upper and lower shadows, forming a doji pattern, with trading volume remaining roughly the same as last week, which is a normal adjustment trend after a rapid rise.

The price spiked upwards to near the weekly MA30 line, encountered resistance, and then formed a downward pullback. The pullback position is just around the upper blue line near 2320, which is quite accurate.

The upcoming trend will synchronize with Bitcoin, and there will still be a downward pullback. The positions remain between the two blue lines (2320-2530), and the pullback will settle wherever it lands. Since the MACD for $ETH is still below the zero axis, the weekly level upward momentum is not as strong as Bitcoin's, so the downward fluctuation after a rapid rise will be relatively tough. However, if we get through it, it will open up a large space for growth.

Buying on dips is still worthwhile, and if it rises above the MA30 line, it will continue to challenge the $3500 level.