Ethereum (ETH) Price: Technical Analysis Shows Support at $2,500 Level

Ethereum Price Prediction: $2,500 Support Threatened As Momentum Weakens

Ethereum price has gone down marginally following Bitcoin’s cue after the crypto market bellwether eased down from its newly-hit all-time highs of $112k. ETH coin hit three-month highs of $2,734 earlier on Friday, but gave up some gains to trade at $2,619 at the time of writing. Nonetheless, there remains a bullish undercurrent, with the coin having gained 50% in the last month and 3% in the last week. The recent market sentiment makes a valid c…

Ethereum (ETH) Price: Technical Analysis Shows Support at $2,500 Level

TLDR Ethereum (ETH) surged 60% in May, reaching a peak of $2,617 before cooling off near $2,509 Long-term holders are selling their positions, creating two of the largest activity spikes since October Over $3.4 billion worth of ETH left centralized exchanges in the past month, showing investor confidence Price found support at $2,500 and is attempting to climb toward $3,000 milestone Technical indicators show bullish momentum with RSI above 50 …