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Ethereum Overheated, Poised for Adjustment Near $2500, Analysts Say

2025/05/21 09:44 (Updated 2025/05/21 12:01)
CoinPost
Written by L.Kikutani
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Ethereum Overheated, Poised for Adjustment Near $2500, Analysts Say

Short-Term Overheated State

On January 20th, a registered analyst at the cryptocurrency on-chain analysis platform Cryptoquant, ShayanMarkets, analyzed that Ethereum (ETH) is in an 'overheated' state near the critical $2,500 resistance level.

Using a volume bubble chart, he noted that approaching this level has significantly increased trading volumes, primarily due to profit-taking activities and selling pressure at this psychologically important price range. The current overheated state is likely to lead to a short-term adjustment phase, which could pave the way for a new stage of accumulation thereafter.

According to ShayanMarkets, Ethereum...

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