$ETH is currently trading near $2,641, struggling to break a
CryptoPotato
Updated at: a day ago
{"content":"$ETH is currently trading near $2,641, struggling to break above the $2,700 resistance zone after three failed attempts this month. Approximately 38% of Ethereum's total value, roughly $123 billion, sits just above investors' cost basis, making it vulnerable to losses if the price dips further. Here's what's at stake ¹:
- *Critical Support Level*: A strong support base exists around $2,496, which bulls need to defend to prevent a larger breakdown.
- *Resistance Zone*: The supply wall between $2,635 and $2,712, where over 1.67 million ETH was previously bought, remains a key obstacle.
- *Whale Accumulation*: Large investors, or Ethereum whales, have added over 1 million ETH recently, totaling around $2.7 billion, hinting at long-term confidence.
- *Investor Sentiment*: On-chain activity shows investors moving coins to exchanges, a bearish sign indicating potential selling.
- *Market Cap*: Ethereum's market cap stands at $314.69 billion, with a current price of $2,674.14.
Price predictions vary, but some analysts expect ²:
- *Short-term*: A potential drop to $2,609.77 on May 29, 2025, followed by a slight increase to $2,636.42 on May 30, 2025.
- *Long-term*: A high of $7,194.28 in 2025, $10,283.97 in 2026, and $47,066.29 in 2030.","images":[],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}