Ethereum ($ETH) Price Prediction for May 22: Will Bulls Sustain the Breakout Above $2,550?

After last week’s explosive surge, the Ethereum price today is trading near $2,558, reflecting a measured gain of 0.26% over the last 24 hours. Although buyers pushed ETH as high as $2,615 on May 20, the rally lost steam near a key resistance zone, leading to a mild pullback. With volatility tightening and lower-timeframe indicators flashing mixed signals, traders are now assessing whether bulls can maintain upward momentum or if a short-term correction looms.

Following this corrective pause, the broader question emerging is: Why Ethereum price going down today, and is this pullback just a breather within a bullish continuation or the start of a deeper retracement?

What’s Happening With Ethereum’s Price?

From a daily perspective, the Ethereum price action has remained bullish since reclaiming the $2,400 level in early May. The sharp breakout above the descending trendline and the reclaim of the 100-day EMA have now turned previous resistance into support. The daily structure shows ETH attempting to form a higher high pattern as it tests the upper boundary of the $2,580–$2,620 supply zone that capped upside durin…

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