The Ethereum price today is holding firm near $2,592 after tagging highs around $2,595 during the early Asian session. Following last week’s explosive breakout from the $1,900 consolidation zone, ETH has entered a sideways grind below the $2,600–$2,700 resistance cluster, signaling the potential for short-term indecision as traders digest recent gains.

Despite the stall, ETH remains in a strong uptrend across all major timeframes, with the broader sentiment supported by a bullish break above multi-month descending trendlines.

Ethereum Price Action Turns Sideways Below $2,600 Ceiling

On the 4-hour chart, Ethereum price action shows a bullish breakout continuation pattern, having cleared a descending trendline near $2,500 earlier this week. The current range-bound behavior under $2,600 appears to be a temporary consolidation. Price is now testing the upper Bollinger Band at $2,576 while hovering above the 20-EMA ($2,556) and 50-EMA ($2,421), reinforcing near-term bullish control.

Key resistance remains between $2,625 and $2,705, a zone marked by multiple historical supply rejections and the upper band of the Bollin…

The post Ethereum (ETH) Price Prediction for May 17 appeared first on Coin Edition.

The Ethereum price today is holding firm near $2,592 after tagging highs around $2,595 during the early Asian session. Following last week’s explosive breakout from the $1,900 consolidation zone, ETH has entered a sideways grind below the $2,600–$2,700 resistance cluster, signaling the potential for short-term indecision as traders digest recent gains.

Despite the stall, ETH remains in a strong uptrend across all major timeframes, with the broader sentiment supported by a bullish break above multi-month descending trendlines.

Ethereum Price Action Turns Sideways Below $2,600 Ceiling

On the 4-hour chart, Ethereum price action shows a bullish breakout continuation pattern, having cleared a descending trendline near $2,500 earlier this week. The current range-bound behavior under $2,600 appears to be a temporary consolidation. Price is now testing the upper Bollinger Band at $2,576 while hovering above the 20-EMA ($2,556) and 50-EMA ($2,421), reinforcing near-term bullish control.

Key resistance remains between $2,625 and $2,705, a zone marked by multiple historical supply rejections and the upper band of the Bollin…

The post Ethereum (ETH) Price Prediction for May 17 appeared first on Coin Edition.