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Analyst: The recent fall of ETH is a technical pullback, and it is expected to rise above 3000 US dollars in the future.

ChainCatcher

2025-05-19 00:25:04

ETH-3.22%

According to ChainCatcher news and a report by Cointelegraph, market analysts believe that the recent fall of Ethereum is a technical pullback aimed at retesting key support levels before continuing to rise to $3,000 and higher. Crypto analyst Titan of Crypto stated that the current value of the weekly Stochastic RSI is 79, indicating that ETH “still has momentum to move upward.” Analyst Chimp of the North stated that Ethereum’s downside potential may be limited to $2,400. He also mentioned that Ethereum may continue to pull back, retesting the support level of $2,400 before rising again, with a target range of $3,000 to $3,300.

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