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Announcement

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On May 13, 2025, Ethereum ($ETH ) recently peaked at $2,600

CryptoPotato

Updated at: 5 hours ago

{"content":"On May 13, 2025, Ethereum ($ETH ) recently peaked at $2,600 but is now showing bearish signals. Analysts warn of a potential short-term correction. Key Technical Indicators: RSI has dropped below 50, indicating weakening momentum MACD is shifting to the bearish zone Support Levels: If ETH falls below $2,350, it may drop further to $2,275 or even $2,220 Resistance Levels: Strong resistance around $2,500 and $2,600 Market Sentiment: Fear & Greed Index is at 70 (Greed), suggesting market overconfidence On-chain Data shows a 15% increase in exchange inflows, indicating rising selling pressure Analyst Outlook: CoinCodex expects ETH to fall to $2,258.10 (a drop of -11.66%) Michaël van de Poppe sees $2,100–$2,250 as strong buying zones Conclusion: ETH faces increased short-term correction risk. $2,350 is a crucial support level. If broken, further downside is likely. Traders should clarify their strategies and stay aligned with market trends. #EthereumUpdate #CryptoAnalysis #MarketCorrection #ETHPrice #TradeLessons ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/13/419d11396e1f46abba8f8f21a9937121.jpg","https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/13/4fca8dc562224b3c96e09e942e40eb38.jpg"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}

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