Ethereum: Reclaims $2500 After Seven Months
Ethereum reclaims $2500 with $1.17B shorts liquidated; ETH price action at $2508.45 shows RSI overbought on 4h chart.
SourceAnalysis
Ethereum reclaimed $2500 for the first time in nearly seven months while $1.17 billion in shorts liquidated over the past 24 hours.
Price sits at $2508.45 inside the Bollinger Bands with upper resistance at $2631.96; RSI(14) at 93.89 flashes overbought and MACD remains bullish at 136.54, so a retracement to the EMA50 support of $2106.74 looks probable before continuation. Ethereum technical analysis points to sustained bullish structure above the EMA200 at $1943.1 despite short-term exhaustion signals.
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