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Key points:
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The Ether price increased by 3% to $ 2,550, May 18, which triggered $ 22 million in disposal with short ETH.
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The Bull Graph flag indicates a target of $ 3,700, with analysts predicting the price of Bitcoins to May $ 5,000.
Ether (Eth) The price increased on May 18 and increased by more than 2.5%over the last 24 hours to trade for $ 2,536. This recovery strengthens optimism among traders that ETH Price could hit $ 3,000 in May, referring to strong techniques.
Ether erases shorts per hour $ 7.5 million
Data from COINTELEGRAPH Markets for And Bitsamp shows that ETH has risen by more than 4.5% to intraday maximum $ 2,551.
Today’s accompanying losses of Ether are significant liquidation on the market crypto. According to Coinglass data, more than $ 158 million have been liquidated in the last 24 hours using cryptomic positions, with $ 95 million to be long disposal.
Short ether liquidation was $ 22.25 million, with $ 7.5 million to be deleted only in the last hour.
This means that short traders were imprisoned from Ether’s return to $ 2,500.
Other COINGLASS data showed several seller bands over the consumption price, while orders demanded worth more than $ 384 million up to $ 3,000. This suggests that ongoing recovery can be limited at this level.
Is Ether’s recovery back?
Market analysts believe that Ether’s recent decline has been a technical correction to repeat the levels of key support Continuation of your excitement towards $ 3,000 And behind them.
Titan of Crypto said That the weekly value of the stochastic RSI at 79 suggests that ETH “has more and more gas in the tank” to move higher.
#Ethereum can have more and more gas in the tank ⛽
The weekly Stochastic RSI suggests that there is still room before reaching the extreme territory of the exaggerated, perhaps a few more weeks. #Eth pic.twitter.com/atcm93naPo
– Titan of Crypto (@washigorira) 17th May 2025
According to a pseudonymous analyst chimpanzee in the north, Ether’s disadvantage can be limited to $ 2,400.
Analyst Shared A chart indicating that Altcoin could continue to renew and re-test $ 2,400 support before the next rally started to range $ 3,000-3.
A joint analyst Crypto Patel projected a deeper retract for Ether and said that ETH Price could potentially drop $ 1,800 before moving higher.
“This area is a zone with a high probability for the bull’s re -entry if the price shows support,” analyst he wrote As part of the paper x of May 17, add:
“If there is a demand here, another leg could be followed at $ 4,000-5,000.”
As Caintelegraph reported, ETH could hit the new highest maximum around $ 5,000driven by AI adoption, ETF influx on the spot and the latest improvements through Upgrade.
Related: Prices forecasts 5/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
Ether Price Bull Flag is still in the game
From a technical point of view, the price of ETH is still traded above a bull flag The pattern in a four -hour time frame, the bull setting, which is formed after the price consolidation within the range down after a sharp increase in price.
The Bull flag was confirmed on May 13, when the price fell apart from the upper trend line to $ 2,550. Ether now repeats the upper limit of the flag, currently at $ 2,470, which works as immediate support.
Daily candlestick above this level could see the asset to continue its uptrend to the technical goal of the Bull Flag to $ 3,720, which is 50% of the current price.
On the other hand, RSI has fallen from 60 to 42 in the last 24 hours, suggesting that ongoing correction can continue if it intensifies profit.
The daily candlestick is close to the $ 2,470 support level, increases the chance to drop the price to $ 2,400 and then at the bottom of the flag to $ 2,300.
This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.
