Ethereum back to $3K in May? Latest rebound says ETH price 'still has more gas'
Key points:Ether price rose 3% to $2,550 on May 18, triggering $22 million in short ETH liquidations.A bull flag on the chart suggests a $3,700 target, with analysts predicting Bitcoin’s price to go as high as $5,000 in May.Ether’s (https://cointelegraph.com/ethereum-price
Conversely, the RSI has dropped from 60 to 42 over the last 24 hours, suggesting that the ongoing correction may continue if profit-taking intensifies. A daily candlestick close below the support level at $2,470 will increase the chances of a price drop to $2,400 and then to the flag’s lower boundary at $2,300. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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2025-05-18 15:05:16Ethereum back to $3K in May? Latest rebound says ETH price 'still has more gas'