$ETH
Will Ethereum return to 3,000 dollars in May? The latest rebound suggests that the price of ETH "still has fuel"
The price of Ethereum dropped to 2,400 dollars on May 17 before resuming its rally, which could take ETH towards 3,000 dollars or more.
Will Ethereum return to 3,000 dollars in May? The latest rebound suggests that the price of ETH "still has fuel"
Market Analysis
Key points:
The price of Ether rose 3% to 2,550 dollars on May 18, triggering 22 million dollars in short liquidations of ETH.
A bullish flag pattern on the chart suggests a target of 3,700 dollars, with analysts predicting that the price of Bitcoin could reach up to 5,000 dollars in May.
The price of Ether
ETH
2284 €
rose on May 18, increasing more than 2.5% in the last 24 hours to quote at 2,536 dollars. This recovery reinforces optimism among traders that the price of ETH could reach 3,000 dollars in May, citing strong technical indicators.