PUNKO – PNK

Here’s a summary of Ethereum (ETH) performance on May 14, 2025:

📊 Technical Indicators

• RSI (Relative Strength Index): Ethereum’s RSI is hovering around 43–45, suggesting a neutral to slightly bearish bias.
• MACD (Moving Average Convergence Divergence): The MACD histogram has flattened, indicating waning bearish pressure and potential consolidation.

💰 Price Movements

• Highest price: $2,623, following a sharp surge earlier this week.
• Lowest price: $2,420, which aligns with key support levels.
• Current price: Around $2,445, showing signs of consolidation after recent gains.

🔍 Market Analysis

• Ethereum remains above key Fibonacci retracement levels, signaling a structurally bullish recovery from its March lows.
• The next resistance zone is between $2,555 and $2,600, which previously marked a liquidity pocket.
• If Ethereum holds above $2,420, bulls may push for a breakout toward $2,550 or even $2,600.

Ethereum is currently in a bullish flag formation, with traders watching closely for a breakout continuation