Ethereum (ETH) Surges, Outperforming Bitcoin (BTC) in Latest Rise!

Updated

May 30, 2025

Gambar Ethereum (ETH) Surges, Outperforming Bitcoin (BTC) in Latest Rise!

Jakarta, Pintu News – Ethereum recently found strong support at the $2,550 level and started a significant rise. With a gain of more than 5%, Ethereum (ETH) now has the potential to break the $2,800 resistance. This performance shows a significant advantage compared to Bitcoin , which is also rising but not as much as Ethereum (ETH).

Technical Analysis and Upside Potential

After successfully crossing several resistance levels such as $2,620 and $2,650, Ethereum (ETH) price even managed to break the $2,720 level. Despite resistance from the bears at the $2,785 zone, Ethereum (ETH) is now consolidating gains. With the support of the bullish trend formed on the hourly chart, the opportunity to continue rising is becoming more and more open.

With support continuing to strengthen above the 100-hourly simple moving average, Ethereum (ETH) could potentially face resistance near $2,780. If it manages to get past this resistance, the next step would be to target $2,800, followed by strong resistance at $2,840. A break above this could push Ethereum (ETH) towards $2,880 or even higher in the near term.

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Possible Correction and Support

However, if Ethereum (ETH) fails to break the $2,780 resistance, there is a possibility of a decline. Initial support lies near $2,700, with the next major support in the $2,650 zone. This is close to the 76.4% Fibonacci retracement level of the last rise from $2,610 to $2,787.

If the price moves below the $2,650 support, it could push Ethereum (ETH) towards the support at $2,610. A further drop would probably take the price to the $2,550 support level, and if the selling pressure continues, the next key support would be at $2,500.

Technical Indicators and Market Outlook

The Moving Average Convergence Divergence (MACD) indicator for Ethereum (USD/ETH) shows increasing momentum in the bullish zone. Meanwhile, the Relative Strength Index (RSI) for Ethereum (USD/ETH) is now above the 50 zone, signaling a greater strength of buyers than sellers in the current market.

With favorable technical indicators, the outlook for Ethereum (ETH) appears bullish. Investors and traders should keep an eye on key resistance and support levels to take informed trading decisions in the days ahead.

Conclusion: Ethereum (ETH) Prospects in the Crypto Market

With its impressive recent performance, Ethereum (ETH) shows potential to not only outperform Bitcoin (BTC) but also attract greater investor interest. This rise signals strong momentum that could continue if market conditions are favorable.

Also Read: 3 Cryptos Ready to Break the Global Market in June 2025 According to Analysts! Any of your favorite coins?

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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.