Ethereum rebounded to $2,550 on May 18, triggering over $22 million in short liquidations and reviving hopes of a rally toward $3,000 or even $3,700.
Analysts point to strong technical support, a confirmed bull flag pattern, and potential ETF and AI tailwinds as catalysts for further upside.
However, if ETH fails to hold above $2,470, a retest of $2,400 or lower could follow before any major move higher.
