Opinion: ETH is close to US$2500 resistance, trading may trigger a short-term correction
According to online reports, according to analysis by CryptoQuant author Shayan Markets, the price of Ethereum is approaching the key resistance level of US$2500, and the market is overheating. Exchange data showed that trading volume increased significantly, mainly due to profit-taking and the supply of stocks in this price range. ShayanMarkets believes that the current market overheating conditions indicate a possible short-term correction, which will create the conditions for a new round of accumulation. Ethereum is expected to continue to maintain a consolidation trend until enough new demand appears to push prices beyond this resistance range.
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