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Cryptocurrency News Articles

Ethereum (ETH) Price Analysis: DXY's Inverse Correlation with ETH Continues to Strengthen

May 26, 2025 at 04:35 pm

Ethereum’s inverse correlation with the U.S. Dollar Index (DXY) continues to strengthen.

Ethereum (ETH) Price Analysis: DXY's Inverse Correlation with ETH Continues to Strengthen

The inverse correlation between Ethereum (ETH) and the U.S. Dollar Index (DXY) continues to strengthen, potentially setting the stage for a remarkable ETH rally if the historical pattern of DXY peaks repeats.

As pointed out by analyst Crypto Uncle, in his recent post, we could be witnessing the beginning of a parabolic move in 2025.

Importantly, throughout history, whenever the DXY topped, it was followed by a bottom in Ethereum. With the DXY showing weakness and DXY peaks aligning with ETH lows (blue line), it appears that ETH is now forming a higher low in a broader accumulation range.

This observation is a crucial technical indicator that often precedes a bullish breakout.

In other news, on-chain trends indicate that Ethereum is showing signs of a major bullish breakout as macroeconomic and on-chain trends align with historical market behavior.

On Thursday, Ethereum was trading at $2,593.20, showing strength with a 3.58% increase in market cap and 24-hour trading volume at $14.76 billion.

Averaging gains of 8.16% over the past week, ETH has also managed to reclaim support above the $2,580 level.

Averaging gains of 8.16% over the past week, ETH has also managed to reclaim support above the $2,580 level.

As the bullish move unfolds, investors and traders are focusing on key resistance levels for ETH.

Major Resistance Levels:

Short-term resistance is placed at $2,735.89, while major resistance is anticipated around the psychological price point of $3,000.

Key Support Levels:

On the downside, immediate support is provided at $2,580, and a break below this level could open doors for further declines.

Chart Analysis:

A glance at the 4-hour ETH price chart reveals that the altcoin has been consolidating within a defined range.

The bullish move could be amplified by strong daily volumes, ETF inflows, and institutional push like that of BlackRock. Contrarily, ETH could find support at $2,479.50, forming a higher low pattern.

While history may not repeat perfectly, it appears to rhyme. Ethereum’s positioning in this macro cycle, combined with dollar weakness and institutional interest, we can expect the $3,000 level to fall into place.

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