$ETH
Ethereum (ETH) Technical Analysis – May 19, 2025
ETH is currently trading around $2,391, showing a 3.57% decline over the last 24 hours. Despite the short-term drop, the technical outlook remains interesting.
Key Highlights:
Moving Averages: ETH is trading above its 7-day, 25-day, and 200-day moving averages – a sign of ongoing bullish momentum.
RSI: Currently over 70, indicating overbought conditions. A short-term correction might be due, but strong trends often push RSI to extremes.
MACD: The MACD line is above the signal line with a rising histogram – bullish momentum is intact.
Support Levels: $2,026 and $1,963 are key supports to watch if a correction occurs.
Resistance Levels: ETH is eyeing $2,649 and then $2,758 if the current resistance is broken.
Volume: Strong buyer volume recently suggests accumulation and possible continuation of the uptrend.
Sell Wall Alert: A major sell wall (~$2.17B) is present at higher levels – this could create resistance in the short term.
Conclusion: ETH remains in a bullish setup overall, but short-term caution is warranted due to overbought RSI and resistance zones. A breakout above $2,649 could open the gates for a new rally.
$ETH
