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? This evaluation revolves around the average cost ..
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