TechFlow news, May 20 — According to analysis by CryptoQuant contributor ShayanMarkets, Ethereum's price is approaching the critical resistance level of $2,500, indicating overheated market conditions. Exchange data shows a significant increase in trading volume, primarily driven by profit-taking and existing supply within this price range.
ShayanMarkets believes the current market overheating signals a potential short-term pullback, which could create conditions for a new accumulation phase. Ethereum is expected to remain in a consolidation phase until sufficient new demand emerges to push prices beyond this resistance zone.
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