Ethereum (ETH) Price Prediction for May 11: Can Bulls Extend the Rally Above $2,400?
The Ethereum price today is trading around $2,365, holding steady after a dramatic two-day surge from the $1,800 region. This bullish move followed a breakout above a multi-month descending trendline and has brought Ethereum price action into focus as traders eye the psychological $2,400 barrier. The price has jumped nearly 30% since May 7, posting one of the strongest recoveries among top altcoins this week.
What’s Happening With Ethereum’s Price?
The daily chart reveals a clean breakout from the falling wedge structure that had capped upside since March. Key resistance levels between $2,360 and $2,400—formed from earlier January-February consolidation—are now being tested. Meanwhile, the weekly structure shows ETH has bounced from the 0.5 Fibonacci level and is targeting the 0.618 zone near $2,520 in the mid-term.
Why Ethereum Price Going Up Today? Bullish Momentum Builds as Key Levels Flip
The answer to why Ethereum price going up today lies in the alignment of both technical and momentum indicators. On the 4-hour chart, ETH has firmly closed above the 20/50/1…
The post Ethereum (ETH) Price Prediction for May 11: Can Bulls Extend the Rally Above $2,400? appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction for May 11: Can Bulls Extend the Rally Above $2,400?
The Ethereum price today is trading around $2,365, holding steady after a dramatic two-day surge from the $1,800 region. This bullish move followed a breakout above a multi-month descending trendline and has brought Ethereum price action into focus as traders eye the psychological $2,400 barrier. The price has jumped nearly 30% since May 7, posting one of the strongest recoveries among top altcoins this week.
What’s Happening With Ethereum’s Price?
The daily chart reveals a clean breakout from the falling wedge structure that had capped upside since March. Key resistance levels between $2,360 and $2,400—formed from earlier January-February consolidation—are now being tested. Meanwhile, the weekly structure shows ETH has bounced from the 0.5 Fibonacci level and is targeting the 0.618 zone near $2,520 in the mid-term.
Why Ethereum Price Going Up Today? Bullish Momentum Builds as Key Levels Flip
The answer to why Ethereum price going up today lies in the alignment of both technical and momentum indicators. On the 4-hour chart, ETH has firmly closed above the 20/50/1…
The post Ethereum (ETH) Price Prediction for May 11: Can Bulls Extend the Rally Above $2,400? appeared first on Coin Edition.
Read More