Ethereum ($ETH) Price Prediction for May 23: Bulls Eye $2,745 After Breakout Above $2,500
After a strong breakout above $2,500, the Ethereum price today is trading near $2,667, sustaining bullish momentum despite signs of temporary consolidation. The recent rally has been fueled by a broader shift in sentiment and a clean break above the descending trendline seen on daily and 4-hour charts. With volatility increasing and several indicators signaling overbought conditions, traders are now asking: Why is the Ethereum price going up today, and can the rally extend toward the $2,745 resistance?
Highlights
- Ethereum price breaks through key trendline, retesting $2,667 with rising momentum
- RSI and MACD flash signs of bullish continuation but with short-term overbought risk
- Price structure now targets $2,745–2,800 as next resistance, while $2,564 holds as key support
What’s Happening With Ethereum’s Price?
The Ethereum price action over the last 72 hours has been decisive. ETH surged from a near-term base around $2,360 to reclaim the $2,600 psychological threshold, triggering a fresh wave of bullish conviction. This move confirms a breakout from the symmetrical triangle observed on the 4-…
The post Ethereum ($ETH) Price Prediction for May 23: Bulls Eye $2,745 After Breakout Above $2,500 appeared first on Coin Edition.
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Ethereum ($ETH) Price Prediction for May 23: Bulls Eye $2,745 After Breakout Above $2,500
After a strong breakout above $2,500, the Ethereum price today is trading near $2,667, sustaining bullish momentum despite signs of temporary consolidation. The recent rally has been fueled by a broader shift in sentiment and a clean break above the descending trendline seen on daily and 4-hour charts. With volatility increasing and several indicators signaling overbought conditions, traders are now asking: Why is the Ethereum price going up today, and can the rally extend toward the $2,745 resistance?
Highlights
- Ethereum price breaks through key trendline, retesting $2,667 with rising momentum
- RSI and MACD flash signs of bullish continuation but with short-term overbought risk
- Price structure now targets $2,745–2,800 as next resistance, while $2,564 holds as key support
What’s Happening With Ethereum’s Price?
The Ethereum price action over the last 72 hours has been decisive. ETH surged from a near-term base around $2,360 to reclaim the $2,600 psychological threshold, triggering a fresh wave of bullish conviction. This move confirms a breakout from the symmetrical triangle observed on the 4-…
The post Ethereum ($ETH) Price Prediction for May 23: Bulls Eye $2,745 After Breakout Above $2,500 appeared first on Coin Edition.
Read More
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