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Ether (ETH) rises where the price carries a value of $ 2600 after the volatile sale
ETH returns after a sharp decrease from $ 2,724, with a strong size and regeneration of optimism alludes to more bullish direction
May 30, 2025, 10:24 AM
What do you know:
- ETHEREUM decreased by 6 % from $ 2,724 to $ 2,570 before recovering more than $ 2600 with remarkable trading volume.
- Short -term support constitutes $ 2570, as investors show renewed confidence in the oud ETH capabilities
The Ethereum price decreased from 2724.737 to 2569.766, then it was recovered to 2621.656.
Increased market fluctuations confirmed by the large trading volume and declining activity.
The possibility to increase $ 3,000 with support from institutional interest and network improvements.
It highlights technical analysis
- The price opened up to 2724,737 before a sharp drop.
- ETH/USD decreased to the lowest level in 2569.766, on the occasion of a 6 % decrease.
- Recovery is observed with the price closed near 2621.656.
- Short -term support is identified around the level of 2570.
- A decrease period characterized by increased trading sizes.
- The volatile track was observed at 2642,839 before the session was closed.
External references
- “ETHEREUM market forecast: technical indicators indicateNewsbtc, published by May 29, 2025.
- “An analyst predicts a 3,000 -dollar teacher from ETHEREUM (ETH) in JuneCryptopotato, published by May 29, 2025.
- “Ethereum repetition of the play book in early 2024 – target $ 3800 on the horizon?NewsBTC, published on May 30, 2205.
- “ETHEREUM price faces light correction – support levels of focusNewsbtc, published on May 30 025.
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