Fun

Ethereum Price Struggles To Hold Above $2,500 — Watch Out For This Support Level

News Feed - 2025-05-18 07:05:16

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


The Ethereum price performance in the month of May has been nothing short of outstanding, surging by more than 35% in the past two weeks. After making a strong run toward the $2,700 mark on Tuesday, May 13, the altcoin’s price has struggled to build on its momentum over the past few days.


The price of ETH did manage to stay above the $2,500 mark over the past week, bouncing back from the psychological level on Thursday, May 15. However, the recent struggles seem to have compounded over the weekend, with the Ethereum price losing the $2,500 level to end the week. The Next Support Cushion For ETH Price


Prominent crypto analyst Ali Martinez took to the social media platform X to share an interesting on-chain outlook on the price of Ethereum and its latest lack of bullish momentum. Following the dip of ETH beneath the $2,500 mark, the online pundit has identified the altcoin’s next significant support level. Related Reading Bitcoin Options Market Signals Further Upside Potential For BTC Price: New ATH Soon? 1 day ago


This evaluation revolves around the average cost basis of several Ethereum investors. Cost-basis analysis basically measures the ability of a price level to act as support or resistance — based on the total amount of coins last purchased by investors at this level. Source: @ali_charts on X


As shown in the chart above, the size of the circles directly corresponds with the quantity of ETH  tokens bought within each price zone and the region’s significance as support or resistance.


In essence, the bigger the dot, the higher the number of tokens, and the stronger the support or resistance; the green dots are support (as they are usually below the current price), while the red dots represent resistance (as they are above the asset price).


Data provided by Sentora (formerly IntoTheBlock) shows that the Ethereum price has key support around the $2,354 – $2,430 zone, where 2.64 million addresses purchased 63.9 million tokens (worth $153.04 billion at an average price of $2,395).


As Martinez highlighted, this price bracket would serve as an on-chain cushion for the ETH price, as investors with their cost bases around the level would likely defend their positions by buying more tokens if the price falls toward $2,400. The fresh buying pressure around this price region would help counter the downward pressure, thereby keeping the Ethereum price afloat.


The highlighted chart shows that it is all clear blue skies for the price of Ethereum, with no significant resistance lying ahead. However, the altcoin will need to hold above the $2,400 level, or it risks falling to as low as $2,200. Ethereum Price At A Glance


As of this writing, the price of ETH stands at around $2,480, reflecting a 0.7% increase in the past 24 hours. According to data from CoinGecko, the altcoin is down by nearly 4% on the weekly timeframe. Related Reading Ethereum Faces Resistance Against Bitcoin – ETH/BTC Bullish Structure In Question 1 day ago The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView Featured image from iStock, chart from TradingView

News Feed

Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining
Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crac
Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services
Venezuelan President Nicolas Maduro is pushing for Petro adoption, but locals are buying bitcoin in record amounts. | Image: ShutterstockThe largest bank in Venezuela, the state-own
Brayden Lindrea2 hours agoCanadian police warn crypto investors on growing home robbery trendPerpetrators have impersonated delivery drivers in order to break into the homes of victims to steal cryptocurrency.1388 Total
DeNations Hosts NFT Art Exhibition, Celebrating Genesis Block of the DeNations Art Chain
DeNations Hosts NFT Art Exhibition, Celebrating Genesis Block of the DeNations Art Chain press release PRESS RELEASE. Defi and blockchain-powered Metaverse, DeNat
Gareth Jenkinson14 hours agoStarkWare, Herodotus launch tech to verify data from any point in Ethereum’s historyStorage proofs could prove useful for services like account recovery, tapping into the ability to access a
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,600 Following Completion of The Merge
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,600 Following Completion of The Merge Ethereum fell below $1,600 on Thursday, despite the successful completion of the high
Bitoftrade: A New Anonymous Exchange to Leverage the Power of Crypto Trading
Bitoftrade: A New Anonymous Exchange to Leverage the Power of Crypto Trading press release PRESS RELEASE. On 10 March 2022, bitoftrade, a new decentralized crypto exchange entered t
Mobius Capital Founder Says Crypto Is Not an Investment but ‘a Means to Speculate and Have Fun’
Mobius Capital Founder Says Crypto Is Not an Investment but "a Means to Speculate and Have Fun" Mobius Capital Partners founder Mark Mobius says that cryptocurrency is not an inves
Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case
Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case A court in Sao Paolo, Brazil, ruled against Binance in a case in which the leading cryptocurrency exchange fac
Solana Eyes $200 Target As It Gains Momentum – Recovery Could Mirror 3-Month Downtrend
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin, Ethereum Technical Analysis: BTC Gains Prior to NFP Report, Following a Cross of Moving Averages
Bitcoin, Ethereum Technical Analysis: BTC Gains Prior to NFP Report, Following a Cross of Moving Averages Bitcoin was once again trading above $30,000, as markets were anticipating
Huddle01 CEO explains why communications tech must be decentralized
Jonathan DeYoung10 hours agoHuddle01 CEO explains why communications tech must be decentralizedHuddle01 CEO Ayush Ranjan tells The Agenda podcast why centralized communications technology is unreliable and requires a dec