![What Is Asset Tokenization? Types, Why It Matters Now [2025]](https://coininsights.com/wp-content/uploads/2025/05/asset_tokenization-360x180.png)
- At press time, ETH was caught in a 4-hour symmetrical triangle, showing no clear directional trend.
- On-chain data suggested that a potential rally could be on the horizon.
Market activity for Ethereum [ETH] has been subdued, showing only a slight increase of 2.45% in price, now trading around the $2,600 level.
This kind of price behavior is typical when an asset is trading within a symmetrical triangle—a pattern characterized by converging diagonal upper and lower lines.
Previous instances of such trading patterns have often led to significant price movements, either upwards or downwards.
Analyst forecast for ETH
In a recent tweet, crypto analyst Carl Runefelt highlighted that ETH was at a crossroads, facing a decision that could either trigger a drop to new lows.
It could potentially wipe out bullish momentum or propel ETH it to a new monthly high.
Runefelt shared a 4-hour chart to outline potential price targets, depending on the direction ETH takes:
“Potential bullish target: $2,800
Potential bearish target: $2,350.”
At such a critical point, it’s important to identify additional confluences. To this end, AMBCrypto has embarked on further analysis.
‘In the money’ traders can drive ETH higher
Using the In and Out of Money Around Price (IOMAP) indicator, AMBCrypto analyzed whether traders in profit (in the money) or at a loss (out of the money) could influence Ethereum’s price direction.
“In the money” indicates that trades are currently profitable and act as a support zone, while “out of the money” denotes unprofitable trades, serving as resistance.
According to IntoTheBlock, ETH has rebounded from the $2,597.37 support, with transactions involving 2.39 million addresses holding over $8 billion in ETH.
Source: IntoTheBlock
This level is essential for potentially propelling the price upward. However, significant resistance from traders that are out of the money is anticipated at $2,677.33, $2,760.00, and $2,831.77.
Although these resistance levels pose challenges, the press time bullish momentum, which outweighed selling pressure, suggested ETH may trend toward or exceed $2,800.
Buyers are interested in ETH
Momentum among Ethereum traders is increasing, as indicated by the Moving Average Convergence and Divergence (MACD).
This tool tracks the relationship between two moving averages of ETH’s price, helping to spot changes in momentum and direction.
Recently, the MACD signaled a bullish crossover, suggesting that buyers are actively entering the market and may continue to push the price upward.
Additionally, Ethereum’s momentum has been on the rise, with the MACD trending toward positive territory. This suggests a strong likelihood of continued price increases.
Source: TradingView
Is your portfolio green? Check out the ETH Profit Calculator
The Chaikin Money Flow (CMF) also supports this bullish outlook. It has been rising since the 18th of August, indicating that buying pressure was mounting.
If this trend persists, it could further propel ETH’s price higher to the $2,800 target.
- At press time, ETH was caught in a 4-hour symmetrical triangle, showing no clear directional trend.
- On-chain data suggested that a potential rally could be on the horizon.
Market activity for Ethereum [ETH] has been subdued, showing only a slight increase of 2.45% in price, now trading around the $2,600 level.
This kind of price behavior is typical when an asset is trading within a symmetrical triangle—a pattern characterized by converging diagonal upper and lower lines.
Previous instances of such trading patterns have often led to significant price movements, either upwards or downwards.
Analyst forecast for ETH
In a recent tweet, crypto analyst Carl Runefelt highlighted that ETH was at a crossroads, facing a decision that could either trigger a drop to new lows.
It could potentially wipe out bullish momentum or propel ETH it to a new monthly high.
Runefelt shared a 4-hour chart to outline potential price targets, depending on the direction ETH takes:
“Potential bullish target: $2,800
Potential bearish target: $2,350.”
At such a critical point, it’s important to identify additional confluences. To this end, AMBCrypto has embarked on further analysis.
‘In the money’ traders can drive ETH higher
Using the In and Out of Money Around Price (IOMAP) indicator, AMBCrypto analyzed whether traders in profit (in the money) or at a loss (out of the money) could influence Ethereum’s price direction.
“In the money” indicates that trades are currently profitable and act as a support zone, while “out of the money” denotes unprofitable trades, serving as resistance.
According to IntoTheBlock, ETH has rebounded from the $2,597.37 support, with transactions involving 2.39 million addresses holding over $8 billion in ETH.
Source: IntoTheBlock
This level is essential for potentially propelling the price upward. However, significant resistance from traders that are out of the money is anticipated at $2,677.33, $2,760.00, and $2,831.77.
Although these resistance levels pose challenges, the press time bullish momentum, which outweighed selling pressure, suggested ETH may trend toward or exceed $2,800.
Buyers are interested in ETH
Momentum among Ethereum traders is increasing, as indicated by the Moving Average Convergence and Divergence (MACD).
This tool tracks the relationship between two moving averages of ETH’s price, helping to spot changes in momentum and direction.
Recently, the MACD signaled a bullish crossover, suggesting that buyers are actively entering the market and may continue to push the price upward.
Additionally, Ethereum’s momentum has been on the rise, with the MACD trending toward positive territory. This suggests a strong likelihood of continued price increases.
Source: TradingView
Is your portfolio green? Check out the ETH Profit Calculator
The Chaikin Money Flow (CMF) also supports this bullish outlook. It has been rising since the 18th of August, indicating that buying pressure was mounting.
If this trend persists, it could further propel ETH’s price higher to the $2,800 target.
where to get clomid without dr prescription can i get clomiphene without a prescription how to buy generic clomid no prescription clomid pills at dischem price can you buy clomiphene prices how to get clomid without dr prescription clomid without insurance
This website absolutely has all of the tidings and facts I needed about this case and didn’t comprehend who to ask.
Greetings! Very productive par‘nesis within this article! It’s the scarcely changes which wish make the largest changes. Thanks a lot towards sharing!
where to buy azithromycin without a prescription – order tinidazole sale metronidazole 200mg for sale
semaglutide 14 mg sale – buy generic rybelsus for sale generic cyproheptadine 4 mg
motilium brand – tetracycline 250mg uk purchase flexeril sale