Analysts: Ethereum's recent decline is a technical correction, and it is expected to rise above $3,000 in the future
2025-05-18 15:33:52
On May 18th, market analysts believe that Ethereum's recent decline is a technical pullback aimed at re-testing key support levels before continuing to rise to $3,000 and beyond. Crypto analyst Titan of Crypto said that the weekly stochastic relative strength indicator (Stochastic RSI) is currently at 79, indicating that ETH "still has momentum to continue to rise". Analyst Chimp of the North said that the downside of Ethereum may be limited to $2,400. And said that Ethereum may continue to pull back, re-testing the $2,400 support level, and then rise again, with a target range of $3,000 to $3,300.
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