ETH Faces Resistance at $2,625 While Support at $2,500 Holds

Ethereum prediction market shows 72% odds of staying above $2,500 by May 16 Despite a 2.86% drop, Ethereum maintains critical support around the $2,500 mark RSI signals overbought conditions while MACD momentum begins to show early weakness Ethereum’s market sentiment has shifted notably as the prediction market on Polymarket now shows a 72% chance that the cryptocurrency will remain above $2,500 on May 16, 2025. This jump represents a 22% surge in trader confidence, sparked by rising optimism and increased trading activity over recent days. The change in sentiment reflects a broader trend where traders are recalibrating their outlook based on both technical indicators and market psychology. Polymarket Prediction Sees High Volume, Investor Conviction Source: Polymarketcap Besides the rise in probability, the market has drawn significant attention. Trading volume for this particular prediction reached $674,720, showing strong participation and conviction among speculators. Interestingly, this surge in confidence came despite Ethereum’s short-term dip, suggesting that investors may be focusing on longer-term fundamentals rather than daily fluctuati… The post ETH Faces Resistance at $2,625 While Support at $2,500 Holds appeared first on Coin Edition .

Source: Coin Edition