Ethereum bulls are attempting to stretch their winning streak into May 24, with the Ethereum price pushing past short-term consolidation and nearing critical resistance. After consolidating for much of the past week, ETH has surged more than 7% over the last 48 hours and is now trading just below a key psychological level that may decide the next leg of its trend.
Highlights:
Ethereum price today is trading around $2,724 after testing intraday highs near $2,733
MACD crossover and Ichimoku breakout suggest bullish continuation, but RSI nears overbought zone
Key support lies at $2,685; resistance overhead at $2,745 and $2,800 remains unbroken
What’s Happening With Ethereum’s Price?
The Ethereum price today is trading near $2,724, up roughly 0.5% intraday, and attempting to solidify its breakout from the $2,680–$2,690 resistance band. On the 4-hour chart, ETH has made a decisive move above the Bollinger mid-band and the 20/50 EMA clusters, indicating rising trend strength. However, the price is now sitting just under the Fibonacci 0.0 level at $2,745.52—retraced from the $4,105 high to $1,385 low—mark…
The post Ethereum ($ETH) Price Prediction for May 24: Bulls Remain in Charge Above $2,700, but Key Resistance Looms appeared first on Coin Edition.
