What Would Happen If ETH Repeated May's Rally? Early in May, the price of Ethereum rose from $2,000 to around $3,000, a 50% rise in just 15 days.
Should the price of Ethereum repeat that shift from its current base of about $2,500, $2,500 plus (50% of $2,500) = $3,750. The Fibonacci 1.618 extension zone is in good alignment with this, and it may serve as a mid-term peak.
ETH Reach $3,200–$3,600 Over the Next 30 Days
In the absence of significant changes in the macroeconomic or cryptocurrency-specific attitude, the price of Ethereum appears set to retest $2,950 before possibly rising to $3,200 and $3,600.
Support for this thesis comes from the RSI, tight price action, and prior rally structure. However, the bullish scenario would be nullified if $2,420 could not be held, which might push ETH back to $2,200 or lower.
