📊 Ethereum (ETH) in consolidation: Preparing for a new bullish impulse? 🚀

As of May 21, 2025, Ethereum is trading around $2,567.45 USD, showing a slight intraday recovery.

🔍 Key factors to consider:

• Minimum supply on exchanges: The amount of ETH available on trading platforms has reached its lowest point, which could indicate reduced selling pressure and possible accumulation by long-term investors.

• Significant institutional inflows: Ethereum ETFs recorded inflows of $64.8 million on May 20, with BlackRock's ETHA ETF contributing $45 million.

• Mixed technical signals: While some indicators show a golden cross, suggesting a bullish trend, others warn of a possible correction if the price falls below $2,500.

📈 Short-term prediction:

If ETH manages to stay above $2,600 USD, we could see a move towards $2,720 USD in the coming weeks. However, a drop below $2,500 USD could lead the price towards support at $2,424 USD.

💬 What do you think? Are we facing a consolidation before a new bullish rally or is a deeper correction looming?

#Ethereum #ETH #CryptoAnalysis #PricePrediction #CryptoTrading