{"content":"Ethereum Poised to Explode Higher — Is a Breakout Imminent? Ethereum reversed gains and tested $2,500. ETH is soaring again and may shortly break $2,600. Ethereum touched $2,500 after correcting from $2,740. The price is over $2,520 and the 100-hour SMA. The hourly chart of ETH/USD shows a significant descending channel or bullish flag with resistance at $2,575 If it breaks $2,600, the pair may strengthen. Ethereum Price May Rise Ether struggled to break $2,740 and began a negative slump like Bitcoin. ETH traded below $2,700 and $2,650. Bears pushed the price below the 50% Fib retracement line of the $2,415 swing low to $2,735 high. Price jumped below $2,520, while bulls were aggressive at $2,500. The price established support at the 76.4% Fib retracement level of the $2,415 swing low to $2,735 high upward advance. Ether rose from $2,500 again. Ethereum is over $2,520 and the 100-hour SMA. The price may face resistance at $2,575 on the upside. A crucial descending channel or bullish flag with resistance around $2,575 is also emerging on the hourly chart of ETH/USD. Around $2,600 is the next major resistance. Near $2,650 is the first substantial resistance. A clean break over $2,650 might push the price above $2,735. Above $2,735 barrier might lead to greater advances in the following sessions. Ether might soar to $2,800 or $2,920 in the short future. Another ETH drop? Ethereum may fall again if it fails to break $2,600. Initially, downside support is approaching $2,525. The first substantial donation is about $2,500. A decisive break below $2,500 might bring the price near $2,420. If losses continue, the price may reach $2,350 support. Next important support is $2,320. Tech Indicators Hourly ETH/USD MACD is rising in the positive zone. Hourly ETH/USD RSI is over 50. Major Support—$2,500 Major Resistance: $2,600 #ETH #CryptoCPIWatch #TradeStories #TradeWarEases $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/16/fbdcf011ad08485ba3d2411c05a6400f.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}