key points:
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On May 18, the price of Ether rose by 3% to $ 2,550, starting $ 22 million in short ETH liquidation.
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A bull flag on the chart explains a target of $ 3,700, analysts predicted the price of bitcoin to go as high as high in May.
Ether of ether (ET) The price was increased on 18 May, to trade at $ 2,536 by more than 2.5% in the last 24 hours. This recovery confirms optimism among traders that the ETH value in May can hit $ 3,000, citing strong technology.
Ether wipe $ 7.5 million shorts in an hour
data from Cointelegraph Market Pro And Bitsamp suggests that Eth grew more than 4.5% at a high level of $ 2,551 from a low of $ 2,440 on the previous day on 18 May.
Today there is significant liquidation in the Crypto market with ether loss. According to the data from Coinglass, more than $ 158 million leveraged crypto posts have been liquid in the last 24 hours, representing a $ 95 million long liquidity.
Short ether liquidation was $ 22.25 million, with $ 7.5 million wiped alone in the previous hour.
This means that small traders were caught from the guard at $ 2,500 from the return of Ether.
Additional coinglass data showed several bands of vendors beyond the spot price, asking orders of over $ 384 million, which build up to all the ways up to $ 3,000. It suggested that the ongoing recovery can be overshadowed at this level.
Is Ether recovery back?
Market analysts believe Continue your uptrend to $ 3,000 and beyond.
Crypto’s Titan Said The value of the weekly stochastic RSI at 79 suggests that ETH “still has more gas in the tank” to move to a higher level.
#Tereum There may still be more gas in the tank ⛽
Weekly stochastic RSI suggests that there is still space before reaching the extreme overdose, possibly a few more weeks to go. #TH pic.twitter.com/atcm93napo
– Titan of Crypto (@Washigorira) May 17, 2025
According to the analyst chrymm named pseudo -north, the negative of ether can be shared at $ 2,400.
Analyst Shared One chart suggests that Altcoin may continue its retracement to retract the support of $ 2,400 before launching another rally towards $ 3,000- $ 3,300 range.
Fellow analyst Crypto Patel estimated a deep retracement for ether, stating that the ETH price may potentially fall $ 1,800 before launching a more step.
“This area is a high-probable area for rapid entry if the value shows the support,” analyzer wrote As part of X of X after 17 May, adding:
“If the demand is here, the next leg may move towards $ 4,000- $ 5,000.”
As cointelegraph told, Eth can eth Get new all-time high hits around $ 5,000Ai adoption, spot ETF inflow, and fuel through the latest reforms Pectra upgrade,
Connected: Price predictions 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 Eth price is still trading above Bull flag The pattern in a four-hour time frame, a rapid setup that is formed after the price, is consolidated inside a down-sloping range after a sharp price increase.
The bull flag was confirmed on 13 May when the price broke at $ 2,550 above the upper trendline. Ether is now starting the upper range of the flag again, currently at $ 2,470, which is acting as immediate support.
A daily candlestick property above this level can resume its uptrend towards the technical target of the bull flag at $ 3,720, up to 50% from the current value.
In contrast, the RSI has fallen from 60 to 42 in the last 24 hours, suggesting that the ongoing improvement may continue when the profit is faster.
The probability of a price drop of a daily candlestick below the support level at $ 2,470 will increase to $ 2,400 and then increase the bottom of the flag at $ 2,300.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
