Ethereum must clear $2,500 resistance to confirm recovery: analyst
Meanwhile, Ethereums daily chart shows a developing bearish Adam and Eve structure stretching from April into May. The pattern formed after ETH surged vertically toward the $2,420 resistance zone before entering a slower, rounded consolidation phase that later rolled over into renewed selling pressure. The neckline currently sits near the $1,950 support area. Ethereum price has formed a bearish Adam and Eve pattern on the daily chart — May 27 | Source: crypto.news A confirmed breakdown below that level projects a measured downside target near $1,450 based on the height of the formation. Momentum indicators have also weakened. The daily RSI hovered near 37 at press time, remaining below the neutral 50 line after trending lower throughout May. At the same time, the Aroon indicator showed the bearish trend component maintaining dominance, with Aroon Down near 71 while Aroon Up remained pinned near zero during the latest selloff sequence. In a May 26 X post discussing Ethereums weekly structure, Martinez warned that the most important support level now sits near $1,850. According to the analyst, a weekly close beneath that level would likely accelerate downside volatility toward $1,560, followed by a possible retest of the lower multi-year range boundary near $1,070. “From a purely technical perspective,









