Ethereum (ETH) Price Prediction for May 19: Can ETH Reclaim $2,550 After Pullback?
The Ethereum price today is trading around $2,504, staging a mild intraday recovery after a corrective wave from the recent May 13 high near $2,660. While the asset surged sharply earlier this month, bulls now face stiff resistance as ETH consolidates below a descending trendline. Despite the current pause in momentum, the broader Ethereum price action remains bullish as long as price holds key higher support levels near $2,450.
What’s Happening with Ethereum’s Price?
After its breakout rally from the $1,950 zone, the Ethereum price soared more than 35% in under a week, testing the $2,660–$2,700 supply region. However, this level has triggered a short-term rejection, and ETH has since corrected back into the $2,470–$2,500 range. On the 4-hour chart, ETH is currently attempting to rebound from the lower Bollinger Band near $2,456 and the EMA 50 level at $2,456, both of which are acting as near-term supports.
ETHUSD price dynamics (Source: TradingView)
On lower timeframes, ETH has formed a falling wedge pattern — often seen as a bullish continuation setup — between $2,470 and $2,580. The 30-minute chart shows a strong reclaim of the mid-range, sup…
The post Ethereum (ETH) Price Prediction for May 19: Can ETH Reclaim $2,550 After Pullback? appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction for May 19: Can ETH Reclaim $2,550 After Pullback?
The Ethereum price today is trading around $2,504, staging a mild intraday recovery after a corrective wave from the recent May 13 high near $2,660. While the asset surged sharply earlier this month, bulls now face stiff resistance as ETH consolidates below a descending trendline. Despite the current pause in momentum, the broader Ethereum price action remains bullish as long as price holds key higher support levels near $2,450.
What’s Happening with Ethereum’s Price?
After its breakout rally from the $1,950 zone, the Ethereum price soared more than 35% in under a week, testing the $2,660–$2,700 supply region. However, this level has triggered a short-term rejection, and ETH has since corrected back into the $2,470–$2,500 range. On the 4-hour chart, ETH is currently attempting to rebound from the lower Bollinger Band near $2,456 and the EMA 50 level at $2,456, both of which are acting as near-term supports.
ETHUSD price dynamics (Source: TradingView)
On lower timeframes, ETH has formed a falling wedge pattern — often seen as a bullish continuation setup — between $2,470 and $2,580. The 30-minute chart shows a strong reclaim of the mid-range, sup…
The post Ethereum (ETH) Price Prediction for May 19: Can ETH Reclaim $2,550 After Pullback? appeared first on Coin Edition.
Read More