- ETHEREUM jumped by 61.5 % in 30 days, bypassing bitcoin, which is now trading over $ 2500.
- Cryptoquant data shows that the ETHEREUM size may turn from cooling to high temperature, and a hint when declining.
- However, Trader sees the frequent “Golden Cross” style, indicating that it may rise about 3000 dollars.
ETHEREUM currently offers signs of fatigue after increasing the price for a month, and analysts point to a possible withdrawal in the short term. Since mid -April 2025, the second largest encrypted currency has increased sharply, supported by increased trading activity. Recently, a sign of $ 2500, but this gathering seems to enter a critical stage.
Data from Cryptoquant Suggest The market may be high temperature. Shayanmarkets explain this through a bubble plan that reflects the trading volume in all exchanges. The bubble size indicates the sound level, while the color shows the speed of this sound, as this cooling changes to the high temperature. Ethereum bubbles have turned red, indicating a sharp rise in commercial activity that can precede the slowdown.
In less than a month, the chart shows the ETHEREUM size transformation from cooling (green) to the high temperature (red). The implicit meaning here is a possible correction in the short term with the market stop. However, the precise depth and the length of this withdrawal are still unclear.
Medium -time expectations are suspended on the demand for the market
Shayanmarkets links the current rise in the behavior trading activity that achieves profits around the level of $ 2500, which is a psychological point of price. It seems that a large amount of offer is sitting at this level, causing some resistance to make more gains.
He added: “The ethereum is expected to continue in the monotheism stage until the new demand appears to pay the outbreak of this resistance in the middle of the period.”
Despite the concerns that wave on the horizon, the last numbers are strong. ETHEREUM has increased by 61.5 % over the past thirty days, overcoming Bitcoin in that period, according to TradingView data. The increase in the coin has placed much higher than the simple moving average for 100 hours, which supports a short -term bullish position.
Technical trader “Merlijn Trader” as well Express optimism. He said that the preparation repeats the same “Golden Cross” style, which had previously led to a strong prices. “Send the last Golden Cross $ ETH Flying. Now the same setting is running again.” He pointed out that the transition to 3000 dollars is possible if the direction continues.
The main resistance levels and its support in focus
Ethereum is now facing resistance near the level of $ 2,585, with a large obstacle at $ 2620. If it ends over $ 2,620, it may move about $ 2650. If the momentum is building, the following goals may be $ 2,720 and perhaps $ 2800 in the short term.
If Ethereum is not able to pass $ 2,620, it may continue to decline. The initial support lies at $ 2,500, which also corresponds to the trend line. The main support level is $ 2,250. The move below can be paid by about $ 2,420, in more landfill conditions, up to $ 2,320. The slightest main support is currently sitting at $ 2,250.
On the artistic side, MACD appears every ETHEREUM watch acquires momentum in the upper area. RSI is higher than 50, which indicates that the current trend still has momentum. These indicators indicate that although withdrawal is possible, the total structure remains constructive.
The following currency movements may depend on how the market absorbs the current price level and whether the new buyers intervene. The cooling period may be what is required before trying to hack.
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