Ethereum Price Hovering at $2,500 Today (5/21/25): ETH Threatened to Fall to $2,000?

Jakarta, Pintu News – Ethereum (ETH) price surged by 7% on May 20 yesterday, in line with the overall market recovery. The leading altcoin briefly traded above the $2,500 psychological level, which reinforced short-term bullish sentiment.

However, a number of technical signals and key on-chain data indicate that this upward momentum may be starting to weaken. So, how will Ethereum price move today?

Ethereum Price Drops 1.82% in 24 Hours

Source: Pintu Market

As of May 21, 2025, Ethereum (ETH) was trading at approximately $2,522, or around IDR 41,489,875, marking a 1.82% drop over the past 24 hours. During this time, ETH reached a daily high of IDR 42,409,856, while also touching the same level as its low — indicating minimal intraday price movement.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $304.68 billion, with daily trading volume falling 17% to $21.92 billion in the last 24 hours.

ETH Technical Structure Turns Bearish

Reporting from BeInCrypto (5/20), analysis of the ETH/USD daily chart shows the potential for the formation of a death cross pattern on the Moving Average Convergence Divergence (MACD) indicator.

This bearish pattern appears when the MACD line (blue) breaks below the signal line (orange), indicating a shift in momentum from bullish to bearish. This kind of pattern often precedes a significant price drop, especially if it’s accompanied by a weakening positive sentiment.

At the time of writing, ETH’s MACD line is almost crossing below its signal line. If this crossover occurs, the death cross will confirm the mounting selling pressure and could signal the beginning of a longer downward trend.

In addition, ETH’s Buy-Sell Taker ratio is below one currently, signaling the continued dominance of sellers in its derivatives market.

This ratio measures the ratio between buy and sell volumes in the ETH futures market. Values above 1 indicate more traders are aggressively buying ETH contracts than selling, while values below 1 indicate more dominant selling pressure.

The strong selling volume on the taker side shows that, despite the price increase, the underlying demand for ETH remains weak.

ETH price threatens to fall further, sellers aim for $2,027 level

As of May 20, ETH is trading at around $2,528. With buying pressure starting to weaken, the leading altcoin is at risk of dropping towards the support level of $2,424.

If the selling pressure gets stronger at this level, ETH sellers could potentially break this support limit, which could trigger a further drop down to $2,027.

However, if the buyers take over again and the demand for ETH increases sharply, the price could rebound and rise towards the $2,745 level.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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