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.
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