PUNKO – PNK

A summary of Ethereum (ETH) performance on May 13, 2025:

📊 Technical Indicators

• RSI (Relative Strength Index): Currently at 54, indicating neutral momentum with no strong bullish or bearish signals.
• MACD (Moving Average Convergence Divergence): Showing signs of cooling off after a recent uptrend, with the histogram flattening, suggesting market indecision.

💰 Price Movements

• Highest price: $2,550.
• Lowest price: $2,180.
• Current price: Around $2,445, reflecting a 1.8% increase from the previous day.

🔍 Market Analysis

• Ethereum has been recovering from a multi-month downtrend, breaking key resistance levels at $1,950 and $2,200.
• The next resistance zone is between $2,500 and $2,600, which previously marked a breakdown in March.
• Support levels: If Ethereum fails to hold above $2,450, it may retrace toward $2,395 or even $2,180.

Ethereum remains in a bullish structure, but traders are watching closely for confirmation of sustained upward momentum.