Ethereum price plummeted from 2724.737 to 2569.766, then recovered to 2621.656.
Increased market volatility underscored by significant trading volume and bearish activity.
A potential for further rise to $3000 supported by institutional interest and network improvements.
Technical Analysis Highlights
- Price opened high at 2724.737 before a sharp decline.
- ETH/USD fell to a low of 2569.766, marking a 6% decrease.
- Recovery observed as the price closes near 2621.656.
- Short-term support identified around the 2570 level.
- Decline period marked by heightened trading volumes.
- Volatile trajectory noted with high at 2642.839 before session close.
External References
- “Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend“, NewsBTC, published May 29, 2025.
- “Analyst Predicts $3K Ethereum (ETH) Milestone in June“, CryptoPotato, published May 29, 2025.
- “Ethereum Repeating Early 2024’s Playbook – $3,800 Target In Sight?“, NewsBTC, published May 30, 2205.
- “Ethereum Price Faces Mild Correction — Support Levels in Focus“, NewsBTC, published May 30, 025.
ETH rebounds after a steep decline from $2,724, with strong volume and renewed optimism hinting at further upside Markets, AI Market Insights, Technical Analysis, Ethereum, ETH, News CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
