May 18, 2025 | CryptoAIUpdates News Desk
Ethereum price surges back above $2,500. Analysts eye $3,000 to $3,700 as bull flag signals upside continuation in May 2025.
Ethereum Back to $3K in May? Latest Rebound Says ETH ‘Still Has More Gas’
May 18, 2025 | CryptoAIUpdates News Desk
Ethereum’s (ETH) price is once again back in the spotlight after rebounding from a low of $2,440 on May 17. As of May 18, ETH has surged to $2,536 — a 4.5% recovery — sparking fresh discussions around a potential rally toward the $3,000 mark this month.
$7.5M in Shorts Liquidated in One Hour
According to CoinGlass, ETH’s recovery rally led to $22.25 million in short positions being liquidated — $7.5 million of which happened in just one hour. Meanwhile, the broader crypto market saw a total of $158 million in leveraged positions wiped out, with the majority being long trades.
Key Resistance Alert: Sell walls are reportedly building up to the tune of $384 million across price levels leading to $3,000, which could temporarily cap Ethereum’s rally.
Analysts Remain Optimistic
Popular analyst Titan of Crypto noted that ETH still “has more gas in the tank,” citing the weekly Stochastic RSI at 79 as a bullish signal.
Analyst Chimp of the North added that ETH may retest the $2,400 level again, but holds potential for a rally toward the $3,000–$3,300 range.
Crypto strategist Crypto Patel projects a high-probability entry zone around $1,800, stating that if this demand zone holds, ETH could explode toward $4,000–$5,000, especially with factors like AI adoption, spot ETF inflows, and Ethereum’s Pectra upgrade in play.
Bull Flag Pattern Still in Play
From a technical standpoint, Ethereum continues to trade above a confirmed bull flag breakout. The formation was validated on May 13 when ETH crossed the $2,550 threshold. Currently, the $2,470 level is acting as key support.
If ETH holds this level, analysts predict a target of $3,720, which marks a 50% gain from current levels.
On the downside, a close below $2,470 could open the doors to $2,400 and potentially down to $2,300, the flag’s lower boundary.
Final Thoughts
While short-term volatility remains, Ethereum’s latest rebound has renewed optimism across the market. With bullish technical setups and strong macro narratives, the road to $3,000 and beyond may just be warming up.
