Published May 22, 2025 – XSTPNews
Ethereum (ETH) showed strength this Thursday, closing the day at $2,637.64, up 3.34 percent. After bouncing from key support zones, the asset now faces its next major resistance at $2,855.44, a level closely watched by traders and institutions alike.
The price action over the past two weeks has been sharp and decisive. ETH rallied from lows near $1,684.54, breaking through multiple resistance layers in rapid succession. This move repositions Ethereum within a bullish structure, especially if it can sustain levels above $2,600 going into the weekend.
Key resistance levels to watch in the short to mid term:
- $2,855.44
- $3,442.29
- $3,744.39
- $4,106.45
Beyond those levels, the ultimate upside target remains the all-time high from November 2021, marked at $4,951.73. Reclaiming this level would require sustained bullish momentum across the broader crypto market, but structurally, the setup is now on the table.
On the downside, major supports to monitor include:
- $2,326.74
- $1,684.54
- $1,538.12
- $1,151.24
Market sentiment has shifted significantly in May, with ETH leading the charge among Layer 1 assets. The rise in trading volume, currently at 34.96K, signals increased interest from larger participants.
For Ethereum to continue its advance, the current zone around $2,693.56 must hold. A clean breakout and retest above $2,855 could accelerate a push toward the next cluster of Fibonacci targets in the $3,400 to $3,750 range.
Investors are now watching closely to see if this is just a relief rally or the beginning of a new cycle. The charts are showing strength, but confirmation will come with follow-through and volume.
