Ethereum price struggles above $2,500, check out these support levels!

Updated

May 19, 2025

Gambar Ethereum price struggles above $2,500, check out these support levels!

Jakarta, Pintu News – In May, Ethereum price performance showed a significant increase, with a rise of more than 35% in the last two weeks. Although it was close to the $2,700 mark, the upward momentum of the Ethereum (ETH) price seems to have started to weaken in recent days.

Ethereum’s Performance This Month

At the beginning of the month, Ethereum (ETH) showed a strong positive trend, but struggled to maintain its gains above $2,500. After managing to stay above the psychological mark for a week, Ethereum (ETH) declined again at the end of the week and closed below the $2,500 level.

The weekly performance showed a decline of almost 4%, although in the last 24 hours an increase of 0.7% was recorded. This data shows that Ethereum (ETH) price volatility is still very high, affecting investors’ strategies in the short term.

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Next Support Level for ETH Price

Ali Martinez, a leading crypto analyst, took to social media platform X to share his latest on-chain analysis of Ethereum (ETH). According to Martinez, once the Ethereum (ETH) price drops below $2,500, the next significant support level lies in the range of $2,354 to $2,430.

In this price zone, 2.64 million addresses have bought 63.9 million tokens, with a total value of $153.04 billion at an average price of $2,395. This zone is expected to be a cushion for the price of Ethereum (ETH), as investors who have a cost base around that level will likely buy more tokens if the price approaches $2,400.

Ethereum Price Outlook and Predictions

Despite some challenges, no significant obstacles are seen ahead for Ethereum (ETH) price. However, it is imperative for Ethereum (ETH) to stay above the $2,400 level to avoid a possible further drop to $2,200. The chart highlighted by Martinez shows that if Ethereum (ETH) can maintain this support, there is potential for a return to a positive trend. However, this is highly dependent on market dynamics and investor sentiment which can change quickly.

Cover: The Future of Ethereum

With market dynamics constantly changing, Ethereum (ETH) is still showing some uncertainty. However, with strong support in the $2,400 range, there is hope that Ethereum (ETH) can maintain value and may even experience a bounce back if market conditions are favorable.

Opeyemi Sule, the author of this article, is an experienced writer in the dynamic and exciting world of crypto. With over two years of experience, Opeyemi continues to provide deep insights into blockchain technology and the latest trends in the crypto world.

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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.