Ethereum Price Analysis: Parabolic Indicator Moves Above $2,722? But Can $2,300 Support Hold?
Ethereum price broke and consolidated below the $2,500 level on Tuesday, May 20, aligning with the tepid momentum in the broader crypto market. Key technical indicators shows that ETH price could be at risk of massive liquidations if the $2,300 support caves. Ethereum (ETH) Halts Below $2,500 as Market Awaits Further Signals Ethereum (ETH) price stagnated below $2,500 on Tuesday, down 1.8% from its recent weekly high. According to CoinGecko, ETH briefly touched $2,588 intraday before retreating to $2,482 at press time. Ethereum (ETH) Price Action | Coingecko This cooling mirrors the broader altcoin sector, where only Solana (SOL) and Tron (TRX) posted considerable gains, up 1.7% and 2.3%, respectively. With the Trump-China trade deal facing new hurdles and institutional sentiment uncertain, many investors are awaiting the U.S. Fed’s June rate decision and the SEC’s pending verdict on altcoin ETF applications slated for June 16. Ethereum Technical Analysis: Parabolic Moves… Read More at Coingape.com
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