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Ether prices were $ 2,550, up 3% on May 18, triggering $ 22 million in short ethical liquidation.
The bull’s flag on the chart offers a $ 3,700 goal, and analysts predict that Bitcoin’s price is $ 5,000 in May.
ETH prices rose on May 18, rising more than 2.5% over the last 24 hours, trading at $ 2,536. This recovery strengthens the optimism that ETH Price can cite a strong technology by recording $ 3,000 in May.
The ether wipes $ 7.5 million shorts in an hour
According to the data from COINTELELEGRAPH Markets Pro and Bitsamp, ETH rose more than 4.5% from $ 2,440 the day before $ 2,551 on May 18.
Today, with the loss of ether, there are significant liquids throughout the encryption market. According to CoingLass’s data, over the last 24 hours, more than $ 155 million of leverage encryption positions have been cleared, and $ 95 million indicates a long liquidation.
The short ether liquidation has reached $ 22.5 million, and in the last one hour, $ 7.5 million has disappeared.
This means that Ether returns to $ 2,500, and short traders have been expensive.
According to additional CoingLass data, a seller and band of several bands above the spot price has been shown, and orders of up to $ 38 million are up to $ 3,000. This suggests that continuous recovery can be limited at this level.
Did Ether’s recovery come back?
Market analysts believe that Ether’s recent decline is more than $ 3,000, and it is a technical modification for testing major support levels again.
Crypto’s TITAN suggested that the value of the weekly probability RSI of 79 is that ETH is “more gas in the tank.”
#ETHEREUM There may still be more gas in the tank
Weekly probability RSI suggests that there is still space before reaching extreme excess areas. #ETH pic.twitter.com/atcm93napo
-Crypto’s Titan (@washigorira) May 17, 2025
According to a clear chimpanzee of a clear analyst, the disadvantage of ether may correspond to $ 2,400.
Analysts shared a chart that suggests that Altcoin can continue to open up to resume $ 2,400 before starting another rally for $ 3,000 to $ 3,300.
Fellow analyst Crypto Patel predicted that ETH Price could potentially drop $ 1,800 before the ETH price started.
The analyst added as part of X’s May 17th post.
“If the demand is here, the next leg can go up to $ 4,000- $ 5,000.”
As reported by COINTELEGRAPH, ETH can record a new high of $ 5,000 due to the latest improvement through AI adoption, Spot ETF inflow and PECTRA upgrade.
relevant: Price prediction 5/16: BTC, ETH, XRP, BNB, SOL, Doge, ADA, Sui, Link, Avax
Ether Price Bull Flag is still in operation
From a technical point of view, ETH Price is still trading more than a bull flag pattern for 4 hours, and is an optimistic setting that is formed after the price is enhanced within the downscoping range after the price rises rapidly.
Bull Flag was confirmed on May 13 when the price exceeded the top trend line to $ 2,550. Ether is currently testing the top boundary of the flag at $ 2,470, which is immediately supported.
If the candlestick is close to this level, the asset is $ 3,720, which is 50% higher than the current price, and you can see the upward trend towards BULL FLAG’s technical goals.
On the contrary, the RSI has dropped from 60 to 42 in the last 24 hours, and it suggests that continuous correction may continue if profits are gained.
When the candlesticks of less than $ 2,470 are nearing, the price drop is increased to $ 2,400, then the lower border of the flag is $ 2,300.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.