Ethereum (ETH) Price Prediction May 2025: Will ETH Break $2,100 or Face Rejection?
Ethereum (ETH) enters May 2025 trading near $1,845, following a strong bounce from its April lows. After months of bearish pressure, ETH is attempting to reclaim key resistance levels that could determine its trajectory for the rest of Q2 2025. While the market remains cautious, several technical indicators are beginning to show signs of strength.
Weekly Chart: Ethereum Testing Major Fibonacci Support
On the weekly timeframe, Ethereum is recovering from the 0.786 Fibonacci retracement level around $2,075, derived from the $1,097 low to the $4,105 cycle high. This region has historically served as a rebound zone for ETH.
- Current zone: ETH sits just below the 0.786 Fib at $2,075.
- Bullish recovery: If Ethereum closes a weekly candle above $2,100, a shift toward the 0.618 Fib at $2,508 becomes plausible.
- Risk level: A breakdown below $1,700 would suggest continued weakness, potentially targeting $1,457.
This setup suggests Ethereum is still in a broader correction phase, but signs of a base are building.
Daily Chart: Descending Trendline Test Underway
The post Ethereum (ETH) Price Prediction May 2025: Will ETH Break $2,100 or Face Rejection? appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction May 2025: Will ETH Break $2,100 or Face Rejection?
Ethereum (ETH) enters May 2025 trading near $1,845, following a strong bounce from its April lows. After months of bearish pressure, ETH is attempting to reclaim key resistance levels that could determine its trajectory for the rest of Q2 2025. While the market remains cautious, several technical indicators are beginning to show signs of strength.
Weekly Chart: Ethereum Testing Major Fibonacci Support
On the weekly timeframe, Ethereum is recovering from the 0.786 Fibonacci retracement level around $2,075, derived from the $1,097 low to the $4,105 cycle high. This region has historically served as a rebound zone for ETH.
- Current zone: ETH sits just below the 0.786 Fib at $2,075.
- Bullish recovery: If Ethereum closes a weekly candle above $2,100, a shift toward the 0.618 Fib at $2,508 becomes plausible.
- Risk level: A breakdown below $1,700 would suggest continued weakness, potentially targeting $1,457.
This setup suggests Ethereum is still in a broader correction phase, but signs of a base are building.
Daily Chart: Descending Trendline Test Underway
The post Ethereum (ETH) Price Prediction May 2025: Will ETH Break $2,100 or Face Rejection? appeared first on Coin Edition.
Read More
ETH Whales Buy the Dip as Ethereum Revisits $3K: Where Are Prices Headed?