Ethereum (ETH) Price Surges Above $2,700, Will the Uptrend Continue?

Updated

May 15, 2025

Gambar Ethereum (ETH) Price Surges Above $2,700, Will the Uptrend Continue?

Jakarta, Pintu News – After experiencing a significant increase, the price of Ethereum managed to break through the $2,700 zone. Now, Ethereum (ETH) is in a correction phase, but still shows the potential to return to the support level of $2,575. This increase comes after Ethereum (ETH) managed to surpass Bitcoin in terms of price growth, signaling strong momentum in the market.

Technical Analysis: Ethereum (ETH) Strengthening

Ethereum (ETH) started its rise by breaking the $2,550 resistance and kept moving until it crossed the $2,620 zone. The break of the bearish trend line at $2,450 on the hourly chart of ETH/USD boosted investors’ confidence. After that, the price managed to peak at $2,736 before starting to correct. Despite dropping below the 23.6% Fibonacci retracement level of the last rise, buyers were still active above $2,620.

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Outlook and Obstacles Ahead

Currently, Ethereum (ETH) is trading above $2,640 and the 100-hour simple moving average. On the upside, Ethereum (ETH) faces some resistance near $2,720. If it is able to break the $2,750 resistance, the price could move towards $2,840. A further increase above $2,840 could open up an upside opportunity towards the $2,880 or even $2,950 zone in the near term.

Potential Correction: What Could Happen?

If Ethereum (ETH) fails to break the $2,720 resistance, there is a possibility of a downward correction. Initial support lies near $2,600, with the next major support at the $2,575 zone, which is also the 50% Fibonacci retracement level of the last rise. A drop below the $2,575 support could push prices towards $2,500, and if the decline continues, prices could reach $2,420 or even $2,350.

Closing: Conclusion of Ethereum (ETH) Price Movement

With the MACD indicator starting to lose momentum in the bullish zone and the RSI still above 50, the Ethereum (ETH) market is showing complex dynamics. Investors and traders should monitor the support and resistance levels mentioned to make the right decisions in the face of price fluctuations.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.