Ethereum Faces Resistance at $2,600 After 3.3% Gain

Generated by AI AgentCoin World
Monday, May 26, 2025 9:47 pm ET1min read
ETH
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Ethereum's price has recently found support at $2,460, initiating a fresh increase. However, the cryptocurrency is now facing resistance and may drop below the $2,500 support level. Ethereum started a decent increase above the $2,500 and $2,520 levels, but the price is currently trading near $2,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,555 on the hourly chart of ETH/USD.

Ethereum's price started a fresh increase from the $2,460 support zone, similar to Bitcoin. The bulls pushed the price above the $2,500 and $2,520 resistance levels. However, the bears were active near the $2,600 resistance zone, and the price failed to clear this level, reacting to the downside. Ethereum's price is now trading near $2,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,555 on the hourly chart of ETH/USD.

On the upside, the price could face resistance near the $2,580 level. The next key resistance is near the $2,600 level. It is close to the 50% Fib retracement level of the downward move from the $2,730 swing high to the $2,463 low. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 resistance zone or even $2,850 in the near term.

If Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,520 zone. A clear move below the $2,520 support might push the price toward the $2,460 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.

Technical indicators suggest that the MACD for ETH/USD is losing momentum in the bullish zone, while the RSI for ETH/USD is now below the 50 zone. The major support level is at $2,520, and the major resistance level is at $2,600. These indicators suggest that Ethereum's price may face further pressure in the near term, and it remains to be seen whether it can sustain its recent rally.