#Gate广场五月交易分享 #ETH


Ethereum continues its recovery attempt

While Ethereum has been trading sideways in a narrow range with low trading volumes in recent months, it has recently attracted attention by regaining its short-term support levels. Especially after recovering from the $2,000 level, ETH is currently moving near the resistance zone around $2,300. With the recent rise, the price has once again climbed above the 50 and 100-day moving averages, strengthening the technical structure.

Ethereum, which has struggled to find sufficient volume in recent months with each recovery attempt, is presenting a different picture this time with increased trading volume. However, the $2,300-$2,350 range still stands as a strong resistance. Unless sustained movements above the medium and long-term averages are seen, the current structure remains cautious.

Momentum indicators have moved away from the oversold region and have found equilibrium in a neutral-bullish line. This indicates that market participants are starting to show renewed interest in Ethereum.

The market is focused on whether the ETH price can maintain its current upward trend. Analysts emphasize that a sustained move above the 200-day moving average could bring new targets into play.
This chart summarizes Ethereum's recent technical outlook. It clearly shows the price recovery from the $2,000 level, the $2,300-$2,350 resistance zone, the 50/100/200-day moving averages, and the neutral-bullish signals from the RSI/MACD indicators.

$ETH
ETH-1.33%
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Miss_1903
· 1h ago
2026 GOGOGO 👊
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BlackBullion_Alpha
· 3h ago
Bull Run 🐂
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BlackBullion_Alpha
· 3h ago
Ape In 🚀
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BlackBullion_Alpha
· 3h ago
HODL Tight 💪
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HighAmbition
· 3h ago
To The Moon 🌕
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FenerliBaba
· 3h ago
Ape In 🚀
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Yunna
· 3h ago
LFG 🔥
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Yunna
· 3h ago
LFG 🔥
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MasterChuTheOldDemonMasterChu
· 4h ago
Haha, this analysis is on point 👍 Is ETH planning to "stand tall" now? We'll see if it can break through the 2300-2350 hurdle in one go~ 🚀
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ybaser
· 4h ago
Just charge forward 👊
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