NewsBTC
16 May 2025
3 0

Ethereum Price Tests $2,500 Support, Eyes Move Above $2,600

Ethereum Price Update

  • Ethereum corrected gains from $2,740 and tested the $2,500 zone.
  • Currently trading above $2,520 and the 100-hourly Simple Moving Average.
  • A key declining channel or bullish flag is forming with resistance at $2,575.
  • If ETH clears the $2,600 resistance, it may gain momentum towards $2,650 and higher levels.
  • Support is at $2,500; a drop below could lead to $2,420 or $2,350.

Technical indicators show a bullish MACD and RSI above 50. The next critical levels are:

  • Major Support: $2,500
  • Major Resistance: $2,600

Ethereum Price