Ethereum Strong V Reversal Breaks Through Resistance Zone, Is a Rally Starting?
After Ethereum failed to break through the resistance zone yesterday and experienced a drop, it also wiped out some long positions. Additionally, the failure to break through lured in quite a few short positions, but it has now directly reversed back up, breaking through the upper resistance zone! Bitcoin has broken through its historical high, and as long as it can stabilize, Ethereum should welcome a wave of follow-up gains!
In terms of market movement:
The small-level resistance zone has finally been broken, testing the 2700 position. Although it hasn't broken through yet, I believe there will still be a nice follow-up gain soon, and it would be best to return to above $3000. The immediate pressure position above is 2800; if it can break through here, then returning above 3000 will truly be within reach! Below, we should pay attention to the previous resistance zone of 2580-2600 for a potential pullback!
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ETH Analysis: May 22, 2025 Daily Chart
