Ethereum
It has organized an impressive recovery in the last 24 hours, rising 3.8% in the midst of a significant market volatility. The second largest cryptocurrency found a solid support at $ 2,530, where the exceptional negotiation volume (242,521 eth) created a clear background pattern.
This was followed by a decisive breakdown during the first hours of negotiation, backed by massive volume increases that exceed 550,000 ETH that pushed prices above the key resistance levels.
The recent price action confirms a reversal of short -term trends, with ETH that now trades above $ 2,575 after establishing new local maximums. The institutional interest remains robust, since the ETFs of Ethereum Spot that register $ 248 million in total net tickets during the past week, which suggests a growing confidence of the largest investors despite the relatively moderate retail participation.
Market analysts indicate the level of $ 2,800 as a critical resistance zone where many investors who previously bought at that level can seek to even go even. However, with ETH breaking its recent consolidation pattern and the broader cryptographic market that shows signs of force, bulls are now pointing to the range of $ 2,650- $ 2,745 as the next significant obstacle.
Technical analysis
- A clear background pattern formed during the 01:00 hours with an exceptionally high volume (242,521 ETH), establishing a strong volume support.
- There was a decisive breakdown during 06: 00-07: 00 hours with mass volume surge (553,348 ETH and 221,502 ETH respectively).
- The price action showed three different phases: initial consolidation (07: 04-07: 29), powerful breakup (07: 30-07: 32) with high volume peaks greater than 7,000 ETH per minute and trend reached.
- The level of $ 2,600 is now established as a new support zone with impulse indicators that suggest potential for a greater increase of $ 2,650.
- High volume support at $ 2,530 now serves as a critical floor for any portrait.
This technical analysis was carried out according to the Coendesk research model that analyzes Coindesk data
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External references
- Bitcoin system, Ethereum (eth) continues the bullish impulse: what follows? Here are the detailsPosted on May 26, 2025.
- Cryptopotate, Interesting Ethereum pricing predictions (ETH) in recent timesPosted on May 26, 2025.
- Cryptopotate, Ethereum’s quiet rally (ETH): Where are retail investors?Posted on May 26, 2025.
- Newsbtc, Ethereum above $ 2,500 – Behold, analysts think that $ 3,000 can be the nextPosted on May 27, 2025.
- Coined, Ethereum pricing prediction for May 28Posted on May 27, 2025.
