Main points:
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The ether price increased by 3 % to $ 2550 on May 18, which led to $ 22 million in the short ETH qualifiers.
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The bull mark on the graph indicates a 3700 -dollar target, as analysts expect the Bitcoin price to rise to $ 5,000 in May.
The ETHER (ETH) price increased on May 18, as more than 2.5 % increased over the past 24 hours of trading at $ 2536. This recovery enhances optimism among merchants that the price of ETH may reach $ 3000 in May, noting strong technologies.
The ether is given 7.5 million dollars per hour
Cointelegraph Markets Pro and Bitsamp data shows that ETH has risen by more than 4.5 % to the highest level during the day of $ 2551 on May 18, a decrease of $ 2440 in the previous day.
Ether losses today are an important rank in the encryption market. According to data from Coinglass, more than $ 158 million from the encryption sites tied over the past 24 hours has been liquidated, as it represents $ 95 million in long qualifiers.
The short ether qualifiers amounted to $ 22.25 million, with an amount of $ 7.5 million in the last hour alone.
This means that short merchants have been neglected due to the return of Ether to $ 2,500.
The additional COININASS data showed several teams of interest at the instant price, as their value is more than ASK orders that exceed $ 384 million along the way to $ 3000. This indicates that continuous recovery may be directed at this level.
Is the recovery of Ether?
Market analysts believe that the last decrease Ether was a technical correction to re -test the main support levels before continuing the upward trend about 3000 dollars and beyond.
Titan from encryption He said It indicates that the weekly RSI random value of 79 indicates that ETH “still has more gas in the tank” to move higher.
#ETHEREUM Maybe he still has more gas in the tank ⛽
Weekly random service indicators suggest that there is still room before reaching severe lands in the peak, and possibly a few other weeks. #Eth pic.twitter.com/atcm93napo
– Titan of Crypto (Washigorira) May 17, 2025
The negative aspect of the ether may be at $ 2,400, according to the pseudonym, chimpanzees in the north.
analyst subscriber The graph, which indicates that Altcoin can continue to decline to re -test the support of $ 2400 before the launch of another march to a scale between 3000 and 3,300 dollars.
Crypto Patel’s fellow expected a deeper decline for the ether, saying that the price of ETH could decrease 1800 dollars before launching a higher step.
“This region is a high stability area for the upscale return if the price shows the support,” the analyst books As part of the May 17 publication of X, add:
“If the request continues here, the next station may follow between 4000 to 5,000 dollars.”
As CointeleGRAph mentioned, ETH can reach about $ 5,000 ever, and are fueled by artificial intelligence adoption, instant ETF flows, and the latest improvements through PECTRA upgrade.
Related to: Price predictions 5/16: BTC, ETH, XRP, BNB, Sol, Doge, Ada, Sui, Link, Avax
The bull science is still ether in playing
From a technical perspective, the ETH price is still trading over the bull science pattern in the time frame for four hours, a bullish preparation that is formed after the price is combined within the scale of the slip after high prices.
The bull mark was confirmed on May 13 when the price collapsed over the upper direction line at $ 2550. Ether is now re -testing the upper limits of science, currently at $ 2,470, which works as immediate support.
The closure of the daily candlestick above this level can witness that the assets resume the rise towards the technical goal of the bull science at 3,720 dollars, an increase of 50 % over the current price.
On the contrary, the relative strength index has decreased from 60 to 42 over the past 24 hours, indicating that continuous correction may continue in the event of intensification of profits.
The daily closure of less than the level of support at 2470 dollars will increase the opportunities for prices to decrease to 2400 dollars, then to the minimum level of science at $ 2,300.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
