As of May 28, 2025, ETH/USD (Ethereum/US Dollar) has experienced a technical breakout above 2650 USD on the 1-hour chart. Following this, selling pressure—likely due to profit-taking—has led to a consolidation near the 2629 level. This article examines the outlook using technical analysis, focusing on moving averages, MACD, ADX, and volume indicators.
The chart shows a "golden cross" where the short-term 50EMA (blue line) crosses above the long-term 200SMA (red line). This is a classic early-stage bullish pattern and an important signal for both algorithmic and discretionary traders.
Additionally, the price is stabilizing above both moving averages, indicating strong downside support. When the trend direction and slope of the moving averages align, the trend is generally considered more reliable.
The MACD line (yellow) had been well above the signal line (red), but signs of a bearish crossover have recently appeared. This aligns with a momentum peak and indicates the pair is now in a corrective phase.
However, the histogram remains in positive territory, suggesting the absence of a sharp reversal. If seen as a short-term pullback, this could offer an opportunity to time a new rally. The MACD is a trusted indicator for identifying turning points and tracking momentum shifts.
The ADX (Average Directional Index) had previously surged above 40, signaling a strong trend. Although it has declined slightly, it remains in the 30s—still indicative of a trending market. In general, an ADX above 25 implies the market is in a trending phase rather than ranging.
ADX is used to evaluate the presence of a trend, and in situations like this, it also reacts sensitively to early-stage rebounds.
During the recent upward move, ETH/USD saw a clear spike in trading volume. Especially as it broke above 2600 USD, volume more than doubled compared to the previous day—supporting the idea of a strong buying-driven breakout.
While volume has tapered slightly, this is typical during consolidation and suggests a formation phase rather than downside risk. If volume returns as ETH/USD breaks above 2650–2700, the bullish scenario gains credibility.
| Level | Price | Significance |
|---|---|---|
| Short-Term Resistance | 2700 USD | Recent high, volume cluster zone |
| Next Target | 2750 USD | Upper bound of mid-term channel |
| Short-Term Support | 2620 USD | Cross with 50EMA, previous low zone |
| Mid-Term Support | 2560 USD | Coincides with 200SMA, previous rebound area |
ETH/USD broke through the 2650 resistance and has maintained a firm base during the current pullback. While momentum indicators suggest a peak, the structure of the moving averages and ADX still imply bullish continuation.
Going forward, whether the 2620 support holds will likely determine the next trend direction. A confirmed rebound at this level would validate a dip-buying strategy aimed at retesting the 2700 resistance.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. All trading decisions should be made at your own risk.
This article is intended for informational purposes only and does not constitute financial or investment advice. The analyses and strategies mentioned are based on past data and current market conditions, and may be subject to change in the future. When making investment decisions, always conduct your own research and consult a professional if necessary.
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