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The Ethereum price pumped 7% in the past 24 hours to trade at $2,533 as of 3:52 a.m. EST, with trading volume dropping 12% to $25.9 billion.
This rise in the ETH price comes after the US Senate advanced the GENIUS Act, which will remove a procedural barrier to passing the bill out of the body entirely.
The Senate heard our voices.
SWC advocates contacted their senators tens of thousands of times and over 120K watched our livestream of the GENIUS Act vote tonight.
The next step is a final passage vote, but the hard part (passing the filibuster), is done.
SUCCESS 🛡️ https://t.co/d3I2l7xF3t pic.twitter.com/oIcKemsO9k
— Stand With Crypto🛡️ (@standwithcrypto) May 20, 2025
Ethereum Price Currently Consolidating Under Key Resistance – Poised For A Breakout
The ETH price on the 1-day timeframe has been in a downtrend since November, dropping within a falling channel pattern. The 200-day Simple Moving Average (SMA) is trading above the 50-day SMA, which formed a death cross around $2,938, supporting the downtrend.
However, the bulls found support at the $1,470 level, pushing the Ethereum price into a rounded bottom pattern, which is, in some cases, a bullish trend reversal pattern.
ETH has now invalidated the upward sentiment, as the asset is consolidating under what seemed like a breakout point (now turned into a resistance level) around $2,710, according to GeckoTerminal data.
Meanwhile, the Ethereum price trades above the 200-day SMA, supporting the bullish uptrend. However, the 50-day SMA, at $2,701, is acting as the immediate resistance zone.
The Relative Strength Index (RSI) at 69 suggests strong buying power. Additionally, the line seems to be climbing towards the 70-overbought zone, signaling growing bullish strength.
Moreover, the blue Moving Average Convergence Divergence (MACD) line is currently above the orange signal line, confirming bullish momentum.
ETH Price Prediction
According to the ETH/USDT chart analysis, the Ethereum price seems to be consolidating under the $2,710 resistance zone. If ETH overcomes this level, the bulls could push the asset towards the $3,420 resistance zone in the long term.
However, if the breakout stalls and the bears take charge of the price, ETH could drop back to the $2,000 level, which might act as a cushion against downward pressure.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free BTC through airdrops.
99Bitcoins, a prominent crypto YouTube channel with over 723k subscribers, says BTCBULL is poised for massive gains.
BTC Bull Token Presale Racing Towards The $6.5 Million Mark
Backed by strong interest from savvy investors, the BTC Bull Token presale has raised over $6.01 million in short order.
BTC Bull Token is on a ‘ride or die’ basis with the cryptocurrency king. The new meme coin aims to be the most prominent Bitcoin supporter the market has ever seen. It is also the only crypto that offers free BTC to its token holders.
If an investor buys BTCBULL and stores their purchased tokens in Best Wallet, they’ll receive free BTC when Bitcoin hits certain price milestones for the first time.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
The project is designed for investors who believe that Bitcoin will continue its long-term growth trajectory and hit $250k, $500k, and $1 million in the near future. As Bitcoin hits these milestones, investors will earn free Bitcoin through airdrops.
The amount BTC investors will receive with each airdrop will be determined by the duration and the amount of BTCBULL held.
Additionally, at every $25k increase in the BTC price, starting at $125k, the project will buyback and burn BTCBULL tokens.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 68% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.00252 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in about 1 day to lock in the best presale rate.
Visit the BTC Bull Token website.
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