ETH/USD Price Action Analysis – May 24, 2025

⏱ Timeframe: 4 hours (4H)

📍 Current Price: $2,557.01

📉 Last Low: $2,543.68

📈 Last High: $2,564.05

📊 Change: +$0.60 (+0.02%)

Overview

Ethereum (ETH) has shown a significant increase since early May 2025, as seen from the sharp spike on May 7-9. After reaching a peak around the $2,750 level (marked with the pink arrow and the label “Lower”), ETH began to correct and move sideways in the range of $2,550–$2,650.

Key Points:

Nearest Resistance: Around $2,750 (rejection occurred in this area).

Nearest Support: Around $2,400 and $2,300 (pink horizontal line).

General Trend: Still in an overall bullish phase, although currently experiencing consolidation (collection phase or trend break).

Previous Accumulation Area: Occurred in the range of $1,800–$2,000 (before the big breakout in early May).

Potential Scenarios

🔼 Bullish (Up):

If ETH is able to stay above $2,550 and break through $2,650–$2,700 again, then the next upside target could be $2,800 to $2,900.

The strength of buying volume and market sentiment will be the main drivers.

🔽 Bearish (Down):

If the price breaks through the $2,500 support and continues to fall below $2,400, then the potential for weakness to $2,300 could occur.

A drop below $2,300 could signal a trend reversal to bearish.

Conclusion

ETH/USD is currently in a consolidation phase after the previous strong rally. The $2,550–$2,700 area is a crucial zone that determines the direction of the next movement. If it breaks above, ETH has the opportunity to continue the uptrend. Conversely, if it breaks through strong support, a deeper correction may occur.

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