Altcoins News
By Maheen Hernandez
1 / 15
Why Is Ethereum Struggling at $2,600?. On shorter timeframes like the 30-minute and 4-hour charts, Ethereum is consolidating in a tight…
2 / 15
Ethereum Price: What Caused the Recent Rally?. The recent bullish momentum started when Ethereum broke above a long-standing descending trendline…
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Technical Analysis: Key Levels to Watch. The Ethereum price action is now boxed in a narrow range:
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Ethereum Price Forecast for May 21. As we head into May 21, Ethereum is likely to remain volatile.
5 / 15
Bullish Scenario. If Ethereum breaks above $2,600 with solid volume and momentum, the next challenge lies at $2,745,…
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Bearish Scenario. If ETH fails to hold $2,500, bears could take control.
7 / 15
Ethereum (ETH), the world’s second-largest cryptocurrency, is hovering around $2,542 today, showing signs of cooling after last week’s strong rally.
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While the broader crypto market remains optimistic, Ethereum’s current price movement suggests a pause.
9 / 15
Technical indicators paint a mixed picture. The Bollinger Bands on the 4-hour chart are narrowing, hinting at a potential breakout in either direction.
10 / 15
MACD (4H): A weak bullish crossover, with fading histogram strength.
11 / 15
RSI (30-min): Hovering near 54.8, reflecting neutral sentiment.
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Stoch RSI: Dropped below 50, signaling reduced short-term momentum.
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This setup suggests that while bulls have defended key levels, they’re losing steam as Ethereum faces resistance near $2,600.
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But the rally appears to be running into friction around the $2,745 Fibonacci retracement level (0.382), measured from the November 2024 high to the March 2025 low.
15 / 15
On the weekly chart, Ethereum remains structurally bullish as long as it holds above the $2,450 pivot level.
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