Ethereum Market Trend Analysis 20250523

Yesterday it was mentioned that Ethereum still needs to continue pushing upwards, attempting to break through the neckline resistance around 2800-2850 as long as Bitcoin does not drop.

At the same time, we need to be cautious of fake breakouts, where the price spikes up only to fall back down.

From the daily chart, it can be seen that during the period from August to November 2024, the price also reached this area multiple times before being suppressed and experiencing a decline.

Currently, the upward pressure on Ethereum's price will become greater; either it breaks through strongly, standing above 3000 in one go, then oscillates at a high level, gathering strength before continuing to rise, or it will continue to experience wide oscillations on the daily level to complete a strength adjustment.

Daily level resistance levels are 2750-2860-3065-3260, support levels are 2520-2350-2250-2160-2000.