PUNKO – PNK

summary of Ethereum (ETH) performance on May 15, 2025:

📊 Technical Indicators

• RSI (Relative Strength Index): Ethereum’s RSI has pulled back from overbought levels and is currently around 57, indicating moderate bullish momentum.
• MACD (Moving Average Convergence Divergence): The MACD has formed a bearish crossover, suggesting fading bullish momentum.

💰 Price Movements

• Highest price: $2,755, tested but not decisively broken.
• Lowest price: $2,457, acting as a key support level.
• Current price: Around $2,680, consolidating after recent gains.

🔍 Market Analysis

• Ethereum extended its rally but encountered resistance near $2,755, a pivotal level.
• If ETH breaks above $2,750, the next major resistance level will be $3,080, aligning with the 0.618 Fibonacci retracement.
• On the downside, failure to hold $2,457 could lead to a potential drop toward $2,100.

Ethereum is currently in a critical consolidation phase, with traders watching for a breakout or retracement.