PUNKO – PNK

Ethereum (ETH) Daily Performance Summary: May 29, 2025

Today, Ethereum (ETH) has seen a day of slight recovery and consolidation, maintaining its recent upward momentum, though with some caution.

• Price Action:
  • Opening Price: ETH started the day around $2,662 – $2,676 USD.
  • Closing Price (current/last known): As of approximately an hour ago, ETH was trading in the range of $2,676 – $2,730 USD, showing a modest gain of 0.53% to 1.74% from the previous day.
  • High Price: The daily high for ETH reached approximately $2,785 – $2,790 USD. There were reports of it briefly surpassing $2,800 USD in the early morning hours.
  • Low Price: The daily low was around $2,611 – $2,630 USD.
  • Ethereum has managed to hold above the $2,600 USD mark, suggesting a solid foundation after recent surges.
• Market Capitalization:
  • Ethereum’s market capitalization has been in the range of $328.22 billion USD. It experienced a 0.76% increase from the previous day, reflecting the price rebound and sustained interest.
• Moving Averages (Contextual, based on recent trends and available data):
  • EMA 50: ETH has been trading above its 50-day Exponential Moving Average (EMA), which is a strong short-term bullish momentum signal. Reports indicate the price has reclaimed both the 50-day and 100-day EMAs as support. A «Golden Cross» (bullish crossover) of the 50/200-day EMAs has also been discussed, which is a very bullish event.
  • EMA 200: Ethereum’s price remains consistently above its 200-day Exponential Moving Average (EMA). This is a key indicator of a very solid long-term uptrend, signaling positive market sentiment.
  • SMA 50: Similar to the EMA 50, the 50-day Simple Moving Average (SMA) has likely acted as a key support level, with ETH consolidating above it.
  • SMA 200: ETH is well above its 200-day Simple Moving Average (SMA), reinforcing the long-term bullish outlook. One report noted ETH reclaiming important weekly moving averages like the 100-week SMA ($2,606) and the 34-week EMA ($2,511).
• Relative Strength Index (RSI):
  • ETH’s RSI is bordering on overbought territory, with reported values around 70.47 and also a 14-day RSI at 73.59 for an hourly timeframe. This indicates strong buying pressure but also suggests there might be room for short-term consolidation or a slight pullback if momentum slows down.
• Moving Average Convergence Divergence (MACD):
  • The MACD for ETH shows that both the MACD line and the signal line are positively aligned above the centerline, indicating bullish momentum. While exact values vary by timeframe, the general sentiment is of a strong uptrend. A «bearish divergence» in the CCI (a related indicator) on the 1-hour timeframe has been noted, which could suggest caution in the short term, but the overall trend remains positive.

In summary, May 29, 2025, has been a positive day for Ethereum, with the price holding firm and showing a strong uptrend supported by its moving averages. Although the RSI suggests it might be entering overbought territory, institutional interest and on-chain activity remain strong. The key resistance level to watch remains the $2,800 USD mark, a sustained break of which could pave the way towards $3,000 USD and beyond.

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