{"content":"Ethereum ($ETH) Technical Analysis – May 15, 2025 Ethereum has recently shown signs of bullish momentum after a prolonged downtrend, as reflected in the recent breakout above the $2,100 resistance zone. The price action has shifted from a steep downtrend to a possible trend reversal, indicating renewed buying interest. 📊 Key Observations: Falling Wedge Breakout (Bullish Reversal Pattern) ETH broke out of a falling wedge pattern earlier this year — a classic bullish reversal signal. This pattern typically suggests that downward momentum is weakening and a potential upside breakout is likely, which played out as expected. Bearish Continuation Channels (Green Boxes) Prior to the breakout, ETH traded within a couple of bearish continuation channels, confirming short-term consolidation before resuming the downtrend. These were invalidated after the strong upside breakout past the wedge. Breakout and Retest Zone – $2,100 The $2,100 level has acted as a significant resistance, now potentially flipped into support. Price action suggests a possible retest of this level, which may serve as a springboard for further upside. Immediate Resistance – $2,715 ETH recently hit resistance at around $2,714, which aligns with prior horizontal price congestion. If bulls manage to reclaim and hold this level, the path to higher targets (e.g., $3,000+) opens up. Bullish Scenarios (White Arrows) The chart illustrates a potential scenario where ETH could: Retest the $2,100–$2,250 support zone, Then continue higher toward $2,700 and beyond. 📉 Support Levels to Watch: $2,100 – Previous resistance, now acting as support $1,751 / $1,672 – Next key support zones in case of a deeper correction $1,496 / $1,366 – Historical price clusters during previous consolidation 📈 Market Sentiment & Strategy With strong bullish patterns forming and a major resistance level broken, ETH could be entering a new mid-term uptrend — but a healthy pullback is possible. Traders should: Watch for a successful retest of the $2,100 area for long entries.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/15/b63813963a004a658356bdfe13a24a9e.jpg"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}