Ethereum Price Rally Alert: ETH Starts Its Climb Toward $3K Milestone

May 23, 2025 04:00 am Cryptocurrency 181

Ethereum price found support at $2,500 and started a fresh increase. ETH is now rising and might aim for a move above the $2,750 resistance zone.

Ethereum started a decent increase above the $2,550 and $2,620 levels.

The price is trading above $2,540 and the 100-hourly Simple Moving Average.

There is a connecting bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could gain strength if it clears the $2,750 resistance in the near term.

Ethereum Price Gains Strength

Ethereum price started a decent increase after Bitcoin traded to a new all-time high. ETH bulls were active near the $2,500 zone and the price climbed above the $2,600 resistance.

There was a move above the $2,620 and $2,650 levels. The price even spiked above $2,720. A high was formed at $2,731 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward ..

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