ETH Faces Resistance at $2,625 While Support at $2,500 Holds
- Ethereum prediction market shows 72% odds of staying above $2,500 by May 16
- Despite a 2.86% drop, Ethereum maintains critical support around the $2,500 mark
- RSI signals overbought conditions while MACD momentum begins to show early weakness
Ethereum’s market sentiment has shifted notably as the prediction market on Polymarket now shows a 72% chance that the cryptocurrency will remain above $2,500 on May 16, 2025.
This jump represents a 22% surge in trader confidence, sparked by rising optimism and increased trading activity over recent days. The change in sentiment reflects a broader trend where traders are recalibrating their outlook based on both technical indicators and market psychology.
Polymarket Prediction Sees High Volume, Investor Conviction
Besides the rise in probability, the market has drawn significant attention. Trading volume for this particular prediction reached $674,720, showing strong participation and conviction among speculators.
Interestingly, this surge in confidence came despite Ethereum’s short-term dip, suggesting that investors may be focusing on longer-term fundamentals rather than daily fluctuati…
The post ETH Faces Resistance at $2,625 While Support at $2,500 Holds appeared first on Coin Edition.
Read More
Market Greed Index at 68: Is It Justified Amidst Sideways Trading and Geopolitical Fears?
Good Asset, Bad Buy? Analysts Warn Price Alone Doesn’t Equal Value
ETH Faces Resistance at $2,625 While Support at $2,500 Holds
- Ethereum prediction market shows 72% odds of staying above $2,500 by May 16
- Despite a 2.86% drop, Ethereum maintains critical support around the $2,500 mark
- RSI signals overbought conditions while MACD momentum begins to show early weakness
Ethereum’s market sentiment has shifted notably as the prediction market on Polymarket now shows a 72% chance that the cryptocurrency will remain above $2,500 on May 16, 2025.
This jump represents a 22% surge in trader confidence, sparked by rising optimism and increased trading activity over recent days. The change in sentiment reflects a broader trend where traders are recalibrating their outlook based on both technical indicators and market psychology.
Polymarket Prediction Sees High Volume, Investor Conviction
Besides the rise in probability, the market has drawn significant attention. Trading volume for this particular prediction reached $674,720, showing strong participation and conviction among speculators.
Interestingly, this surge in confidence came despite Ethereum’s short-term dip, suggesting that investors may be focusing on longer-term fundamentals rather than daily fluctuati…
The post ETH Faces Resistance at $2,625 While Support at $2,500 Holds appeared first on Coin Edition.
Read More
Market Greed Index at 68: Is It Justified Amidst Sideways Trading and Geopolitical Fears?