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Price Prediction

Ethereum prices are struggling to bear more than $ 2,500 – Watch out for this support level

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Este artículo también está disponible en estñol.

ETHEREUM prices in May was not less than that, as it has risen more than 35 % in the past two weeks. After he succeeded in running towards the brand of $ 2700 on Tuesday, May 13, the ALTCOIN price was struggled to build on its momentum over the past few days.

The ETH price managed to stay above $ 2,500 over the past week, as she wore the psychological level on Thursday, May 15. However, the recent struggles appear to have multiplied during the weekend, as the ETHEREUM price lost $ 2500 to end the week.

The following support pillow for ETH price

The prominent encryption analyst Ali Martinez has moved to the social media platform X to Involve An interesting look at the series at the price of ETHEREUM and the latest decrease in the bullish momentum. After the ETH declined under the $ 2500 sign, select the online PUNDIT level the next important support level for Altcoin.

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This evaluation revolves around the average cost of many Ethereum investors. The cost analysis mainly measures the ability of the price level to work as support or resistance-based on the total metal amount purchased by investors at this level.

Ethereum price
Source: Ali_charts on x

As shown in the graph above, the size of the circles corresponds directly to the amount of symbols that are purchased in each area of ​​the price and importance of the region as support or resistance.

In its essence, the more the point, the greater the number of symbols, the strongest support or resistance; Green points are support (where they are usually lower than the current price), while red points are resistant (because they are higher than the price of assets).

Data provided by Sentora (previously InTotheblock) shows that ETHEREUM price has major support for $ 2,354 – 2430 dollars, as he bought 2.64 million addresses 63.9 million code (at $ 153.04 billion at an average price of $ 2,395).

As Martinez has highlighted, this price segment will serve as a pillow on the ETH series, where you will likely defend investors who have cost rules around the level of their sites by buying more distinctive symbols if the price decreases about $ 2,400. The new purchase pressure around this region will help facing the declining pressure, thus maintaining the price of Ethereum standing on its feet.

The distinctive graph shows that each blue sky is clear for the ETHEREUM price, with no significant resistance in the future. However, Altcoin will need to stick to a level of $ 2,400, or risk a decrease to $ 2,200.

Ethereum price at a glance

From writing these lines, the ETH price is about $ 2,480, which reflects a 0.7 % increase during the past 24 hours. According to data from Coingecko, Altcoin decreased by almost 4 % on the weekly timeline.

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Ethereum price
ETH price on the daily time frame Source: Ethusdt scheme on Tradingvief

Distinctive image from Istock, tradingvief chart

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