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Coin Edition 2025-05-17 18:15:00

Is Ethereum Below $2,400 a “Steal”? Analyst Predicts Surge Toward All-Time High

Is Ethereum Below $2,400 a “Steal”? Analyst Predicts Surge Toward All-Time High

Ethereum trades below $2,400 with support at $2,100 and resistance near $2,750, signaling potential continuation. RSI crossed above 50 for the first time since March, confirming a shift in momentum. Michaël van de Poppe labels sub-$2,400 ETH as a buy zone before potential breakout toward all-time highs. Michaël van de Poppe, a well-known cryptocurrency analyst, shared a bullish outlook on Ethereum (ETH) in a post on X dated May 17, 2025. He claimed that any ETH price under $2,400 is a “steal” following the recent surge, suggesting Ethereum could continue its upward trajectory. His post included a chart showing Ethereum’s sharp rebound after bottoming out below $2,000 earlier. Chart Shows ETH High Support and Key Resistance Zones The TradingView chart shared by Van de Poppe illustrates Ethereum’s price action against Tether (USDT) on the Binance exchange. It shows ETH rallied sharply in early May 2025 after a prolonged downtrend. The chart marks a clear high timeframe support zone for ETH near $2,100 and a resistance area identified between roughly $2,600 and $2,800, with Van de Poppe specifically noting $2,750 as a resistance point. Ethereum $… The post Is Ethereum Below $2,400 a “Steal”? Analyst Predicts Surge Toward All-Time High appeared first on Coin Edition .

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