ETH Evening Market Update (May 28, 2025)

1. Market Outlook

Ethereum began to catch up after high-level fluctuations with BTC. The 6-hour energy bars are tending towards equilibrium, and the MACD indicator is sticking near the zero axis, indicating a temporary balance between bulls and bears. The bearish momentum at the 1-hour level is continuously weakening, and the KDJ and RSI indicators are recovering from low levels. If it breaks through the $2700 level in the short term, it may trigger a rally in altcoins.

2. Key Technical Signals

1-hour level: The Bollinger Bands have narrowed to a 4.3% volatility, with prices fluctuating along the middle track, requiring caution for a potential one-sided trend after a breakout.

On-chain capital movement: The number of active addresses on the ETH network increased by 12% week-on-week, but Gas fees remain low, indicating an increase in retail participation while institutional funds have not yet entered on a large scale.

Volume-price matching: During yesterday's rally, trading volume increased by 38% compared to the previous day, but today's volume decreased by 24%, indicating that sustained price increases require confirmation from new capital.

3. Key Support and Resistance

Support:

2600-2550-2575

Resistance:

2700-2735-2830

4. Risk Warning

Altcoin siphoning effect: The diversion of BTC funds to altcoins may weaken the sustainability of ETH's upward movement.

Leverage liquidation risk: The current long-short ratio for ETH contracts is 1.15, with a high concentration of long positions, requiring caution against a series of liquidations in extreme market conditions.