PavelCz

Ethereum Bull

1. Trend
• After reaching the high of 2,505.42, the price experienced a sharp decline down to 2,434.84.
• A trend reversal followed, confirmed by a series of green candles and a moving average crossover.

2. Moving Averages
• The yellow line represents a short-term moving average (e.g., 7-day), reacting quickly to price changes.
• The pink line is a mid-term moving average (e.g., 25-day).
• The purple line is a long-term moving average (e.g., 99-day).

3. Signals
• A bullish crossover (golden cross) occurred between the yellow and pink lines, indicating a potential uptrend.
• The price is currently trading above both the short- and mid-term MAs, which is a bullish sign.
• The latest candle is red, possibly signaling a short-term pullback after a recent rally.

4. Support and Resistance
• Nearest support is around 2,462–2,470, which aligns with recent consolidation and MA intersections.
• Resistance lies around 2,494–2,505, near the previous local high.

Summary
• The market shows signs of a recovering uptrend after the drop.
• As long as the price remains above the moving averages, further upside is possible.
• Watch closely to see if the price breaks the resistance at 2,494–2,505 or gets rejected.
$ETH #eth

Ethereum (ETH) strengthened by over thirty percent during the past week and experienced a significant rally. Below is an overview of the key figures, drivers, and implications of this growth.

📈 Numbers and Percentage Changes
• Weekly increase: approximately 37.6%.
• Opening price on May 5, 2025: USD 1,820.34.
• Closing price on May 10, 2025: USD 2,583.78.
• Intraday highs and lows: During the week, the price ranged between roughly USD 1,788 (low) and USD 2,597 (high).

🔑 Main Growth Catalysts
1. Technical Breakout
The breach of key resistance around USD 2,200 triggered a wave of buy orders from both traders and algorithms.
2. Capital Rotation from BTC
After Bitcoin surpassed USD 100,000 again, some capital rotated into the relatively underbought ETH, boosting demand for the second-largest cryptocurrency.
3. Anticipation of Spot ETH ETFs
Following the approval of spot Bitcoin ETFs, optimism is growing that similar products for Ethereum may soon receive regulatory green light, attracting institutional interest.
4. Macroeconomic Easing
New U.S. inflation data and Fed commentary on pausing rate hikes fostered a “risk-on” mood, from which ETH benefited even more than Bitcoin.

🤔 What This Means for Investors
• Short-term volatility: After such a strong move, a correction is likely—key supports to watch are around USD 2,300 and USD 2,000.
• Medium-term outlook: If ETF interest materializes and planned network upgrades (e.g., Pectra) go live, a breakout above USD 3,000 is feasible.
• On-chain indicators: Monitor net flows to exchanges and smart-contract activity in DeFi and NFTs.

🗓️ What to Watch Next
• Key technical levels:
• Resistance: USD 2,700 – 2,800
• Support: USD 2,300 – 2,000
• Upcoming Fed decisions: The next FOMC meetings could once again inject volatility into the crypto markets.
• Ethereum network updates: Ongoing testing and deployment of EIPs aimed at improving scalability and reducing transaction costs.
#ETHCrossed2500

$ETH

Leaf, is there any Czech chat or group?