Ethereum (ETH) Approaches $2,500: Is a Price Correction Awaiting?

Jakarta, Pintu News – Ethereum (ETH), the second-largest digital currency by market capitalization, is now on the verge of market exhaustion after reaching prices close to $2,500. Various analyses suggest that Ethereum (ETH) may experience a short-term price drawdown before attempting to break through higher resistance levels. This phenomenon has caught the attention of investors and analysts around the world.

Symptoms of a Hot Market

According to a recent post from CryptoQuant, Ethereum (ETH) is showing signs of its rally starting to overheat. Analysis of Ethereum (ETH) trading volume on various crypto exchanges shows a significant increase in activity. This is often an early indicator that the market may be entering a correction phase.

In the past month, Ethereum (ETH) market conditions have changed from Cooling to Overheating. This Overheating condition could trigger a short-term correction as the market cools down and enters a new accumulation phase. However, the depth and duration of the potential drawdown remains uncertain.

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Ethereum Price Analysis and Predictions

Ali Martinez, a veteran crypto analyst, in a post on X, highlighted the importance of Ethereum (ETH) maintaining a price above $2,200 to keep its bullish momentum going. If this level holds, Martinez expects Ethereum (ETH) could reach its $3,000 target, possibly even $4,000 if buying pressure increases.

On the other hand, Ted Pillows, a crypto analyst, observed that Ethereum’s (ETH) 12-hour chart recently confirmed a Golden Cross, a bullish signal that usually precedes major price increases. Pillows also predicts that Ethereum (ETH) could be eyeing the $4,000 level, which is just below the upper limit of the large symmetrical triangle that has been forming since the third quarter of 2020.

Potential Downgrade Warning

Despite many bullish predictions, Gianni Pichichero, another crypto analyst, warned about a potential retracement to $2,350. His analysis shows the appearance of lower lows on the daily chart of Ethereum (ETH), which is a bearish signal. Currently, Ethereum (ETH) is trading at $2,500, up 3.6% in the last 24 hours.

Ethereum’s (ETH) impressive recent price rise has caught the attention of many crypto analysts, who are now speculating on the digital asset’s future price trajectory. This situation is indicative of the highly volatile market dynamics that are fraught with both opportunities and risks.

Conclusion

With the ever-changing market conditions and in-depth analysis from various experts, investors are expected to remain vigilant and stay abreast of the latest developments. Ethereum (ETH) is currently at a critical juncture, and investment decisions should be based on careful analysis and a well-thought-out strategy.

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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.

Reference

• NewsBTC. Ethereum Market Shows Signs of Overheating, Near $2500: Is a Short-Term Pullback Coming?. Accessed on May 21, 2025
• Featured Image: CNBC