Key points:

• The ether price increased by 3% to USD 2,550 on May 18, which causes $ 22 million in brief ETH liquids.

• The bull flag on the chart suggests the goal of USD 3,700, and analysts predict that the price of bitcoins increased even $ 5,000 in May.

The price of Ether (ETH) increased on May 18, increased by over 2.5% in the last 24 hours to trade at USD 2,536. Recovery strengthens optimism among traders that the price of ETH can reach USD 3000 in May, citing powerful techniques.

The ether erases $ 7.5 million in shorts per hour

Data from CointeLgraph Markets Pro and Bitsamp show that ETH increased by over 4.5% to the highest level of $ 2551 on May 18 from the lowest level of USD 2440 the previous day.

Today’s ether losses are significant liquidations on the cryptocurrency market. According to data from Coumingss, over the past 24 hours over $ 158 million cryptographic cryptographic positions have been liquidated, and $ 95 million represents long liquidations.

Brief ether liquidations amounted to $ 22.25 million, and $ 7.5 million was erased over the last hour.

This means that the brief seamers were surprised by the return of Eter to USD 2,500.

Additional Couminglass Data showed several percentage of the seller above the spot price, with ASK orders worth over $ 384 million to $ 3000. This suggested that continuous recovery could be restricted at this level.

Is recovery of etern returned?

Market analysts believe that the recent decrease in Ether was a technical correction to re -assess key support levels before it continues to grow up in the direction of USD 3000 and more.

Titan of Crypto he said The fact that the weekly stochastic value of RSI at the age of 79 suggests that ETH “still has more gas in the tank” to move higher.

#Ethereum It may still have more gas in the tank ⛽️

The weekly stochastic RSI suggests that there is still a place before it reaches the extreme, purchased territory, perhaps several weeks. #Eth pic.twitter.com/atcm93Napo

– Titan of Crypto (@Washorira) May 17, 2025

According to a pseudonymous analyst from the north in the minus of ether, you can limit to 2,400 USD.

Analyst common The chart suggests that Altcoin can continue its withdrawal to re -check USD 2,400 support before the next rally in the range from $ 3000–3300.

Crypto Patel analytics controlled a deeper withdrawal from the ether, saying that the price of ETH may potentially drops 1800 USD before starting move.

“This area is a zone with a high ability to stubbornly enter, if the price shows support,” an analyst wrote As part of post X of May 17, adding:

“If there is demand, there may be another leg in the direction of USD 4000–5000.”

As reported by Cointelegraph, ETH can reach novel highest levels of all time around $ 5,000, powered by AI adoption, ETF inflow in spot and the latest improvements by updating PECTRA.

Related: Cents forecasts 5/16: BTC, ETH, XRP, BNB, SOL, Doge, Ada, Sui, Link, Avax

The ether bull flag is still in the game

From a technical point of view, the price of ETH is still trading above the bull flag pattern in a four -hour time frame, stubborn configuration, which is created after the price consolidates in the inheritance range after a rapid boost in price.

The bull flag was confirmed on May 13, when the price broke above the upper trend line at USD 2550. The ether will now analyze the upper limit of the flag, currently in the amount of USD 2,470, which acts as immediate support.

The daily candlestick similar above this level can make the asset component resume towards the technical target of the bull flag in the amount of USD 3,720, which is an boost of 50% compared to the current price.

And vice versa, RSI has dropped from 60 to 42 in the last 24 hours, which suggests that continuous correction can be continued if it is gained.

The daily candlestick close below the level of support after USD 2,470 will boost the chances of a price drop to 2400 USD, and then to the bottom limit of the flag at USD 2,300.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.