From Cointelegraph
May 18, 2025 11:05 am:

Ether price surged 3% to $2,550 on May 18, causing $22 million in short ETH liquidations. Bull flag pattern suggests a $3,700 target, with analysts predicting Bitcoin to hit $5,000 in May. ETH price rose 2.5% to $2,536, boosting optimism for a $3,000 target. Short Ether liquidations totaled $22.25 million. Market analysts anticipate ETH to continue uptrend towards $3,000 and beyond. Weekly Stochastic RSI indicates potential for further growth. Analysts predict retracement to $2,400 before rally towards $3,000-$3,300 range. ETH could potentially drop to $1,800 before moving higher to $4,000-$5,000. ETH could reach new all-time highs of $5,000 on the back of AI adoption, spot ETF inflows, and the Pectra upgrade. ETH price currently trading above a bull flag pattern, with a target of $3,720. RSI dropped to 42, suggesting ongoing correction. Close below $2,470 could lead to drop to $2,300.

Read more at Cointelegraph: Ethereum back to $3K in May? Latest rebound says ETH price ‘still has more gas’