ETHEREUM price is $ 2550, as the Saudi Central Bank buys 25,656 shares of strategy amid Trump’s visit
The price of ETHEREUM increased by 3 % to restore $ 2550, driven by renewing the benefit of the investor after the outbreak of Bitcoin and the institutional activity associated with Saudi Arabia.
Ethereum (ETH) recovers $ 2550 as Bitcoin Buzz raises encryption markets
ETHEREUM (ETH) increased by 3 % on Sunday, May 18, and recovered $ 2,550 after a short period of time to $ 2462 during the weekend. The apostasy reflects renewed upscale emotions through the encryption markets, led by a sharp bitcoin
P move above 105,700 dollars. Besides ETH, other major Altcoins wore Ripple (XRP) and Solana from its lowest local levels where trading activity was chosen after the relatively quiet Friday session.
according to Coingecko dataETHEREUM has witnessed a 24 -billion dollar trading volume from $ 12.5 billion to $ 15 billion, which is a clear increase in investor participation.
The collapse at $ 2551, with the support of this increase in the folder, confirms the presence of a strong rise that leads the short -term capital flows to ETHEREUM and relevant assets.
Why does the price ethereum rise today?
The recent news reports that involve the indirect Saudi government adopted the BTC reserves, which are in line with the CEO of Strategy Company, Michael Sailor, announced more BTC purchases, as the dominant upcoming upcoming stimuli that lead Ethereum prices over the past 24 hours.
On May 16, the Saudi government certain The Saudi Central Bank acquired 25,656 shares of the strategy (formerly Microstrategy).
The purchase came amid a very diplomatic visit by US President Donald Trump to the oil -rich nation. At current prices, the purchase value is 10.2 million dollars.
News that the central bank in the Kingdom of Saudi Arabia It has been purchased 25,656 shares of strategy (previously Microstrategy), a company known to retain huge Bitcoin reserves, have been explained as a step to build indirect encryption.
Moreover, on Sunday, the CEO of Strategy Michael Saylor has a center on X hinting on the BTC imminent purchase. Both events seem to have rapidly pressured the purchase between Altcoin holders.
This may have prompted ETH merchants, who initially adopted a cautious position on Friday, which led to a surrender to 2456 dollars, to restore control, as evident from ETAREUM who broke the level of $ 2,551 alongside the rising folders.
This purchase, which is $ 10.2 million, coincided with US President Donald Trump’s diplomatic visit to the Kingdom, making it an additional symbolic weight in global financial markets.
After she tasted the gathering, Michael Sailor, CEO of the Strategy Company, hinted to the new Bitcoin acquisitions via a post on X (previously Twitter).
These double developments seem to have renewed confidence between encryption investors. ETH, which briefly surrendered on Friday, broke the key resistance at $ 2551, a level that has been momentum in the uphide in the uphide trend.
What Ethereum traders can expect next week
Wearing ETHERUEM price appears to be 3 % on Sunday as a direct result of the rotation of the capital in Altcoins, after bitcoin signals and institutional participation with the shares associated with encryption.
As long as the trading volumes remain high and support macro behavior on risk, the price of ETH can build momentum towards the next resistance area near 2600 dollars -2650 dollars.
ETHEREUM price expectations: ETH boosts approximately $ 2,500 with Bulls looking to 2650 dollars
Ethereum settles on a $ 2,495 brand after a sharp gathering earlier in May, which paid prices from $ 2,000 to the highest levels approaching $ 2,600.
The bullish penetration, which began in early May, is still technically sound, supported by the expansion of the Bolinger ranges and the continued presence of SAR equivalents under modern candlesticks.
These indicators reflect the continuous upward momentum and indicate that the recent withdrawal may be a temporary unification instead of reflecting the direction.
In the latest ETHEREUM PRICE prediction scheme, the MACD chart reveals a slight declining difference, with green straps fading and slightly retreating in the MACD line that approaches the signal line. However, Macd is still much higher than the zero axis, which enhances the bullish market structure on a large scale.
There can be stimulated there a successful nodes over the area between 2,475 – 2,495 dollars, associated with an increase in size, in another leg higher toward the upper Bollegerer range near $ 2,894.
On the contrary, a collapse can open less than $ 2,475 a path towards the support of the Mid-Bollinger at $ 2,192.
Related questions (common questions)
ETHEREUM acquires a strong demand for students during the Bitcoin era and bitcoin Saudi signals from Saudi investments in the shares associated with encryption.
The following main resistance of ETHEREUM is between $ 2600 and $ 2650, with strong technical support between $ 2,475 – $ 2,495.
ETHEREUM interacts with total factors such as interest rate expectations and institutional adoption, and Bitcoin is often followed during the main market events.
Painting staff
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Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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