ETH Takes a PPI Hit to $2,245 But The Monthly Trendline Doesn’t Flinch

3 hours ago 2

Rommie Analytics

Key Takeaways
  • ETH at $2,245, May month low, down 0.97% on the day.
  • Hourly RSI at 30.80, signal at 50.50, spread 19.70 points.
  • Monthly trendline from 2020 tested and holding above $2,243.
  • Exchange deposit addresses at 9K: highest in over a year.
  • Monthly RSI at 45.49, not yet at prior cycle bottom extremes.

How May’s lowest price got made

The 1-hour ETH/USDT chart shows Ethereum at $2,245, down 0.97% on the day with a low of $2,243. That low is the lowest price Ethereum has traded in May. Price peaked near $2,420 in the first week of May, representing a decline of approximately 7% to the current level, dri...

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