$ETH
Ether price prediction
Ether
$2,530
skyrocketed above the $2,111 resistance on May 8 and extended its up move to nearly $2,550 on May 9.ETH/USDT daily chart. Source: Cointelegraph/TradingView
The long wick on the candlestick shows solid selling near $2,550. If the price turns down from $2,550 but finds support at $2,111, it indicates that the bulls are trying to flip the level into support. The bulls will then make one more attempt to drive the ETH/USDT pair above $2,550. If they succeed, the pair could climb to $2,850.
Sellers will have to pull the price below the $2,111 level to weaken the bullish momentum. The pair may then slide to the 20-day EMA ($1,867).