Ethereum’s price surged by over 3% on May 18, reaching $2,550 and triggering significant liquidations. Analysts attribute this rise to the positive momentum in DeFi applications and increased institutional investments. A technical analysis suggests a potential target of $3,720, with some predicting Bitcoin’s price could reach $5,000 in May. 79 on the Stochastic RSI indicates that ETH may continue its upward trend before reaching an overbought level. Some analysts believe Ethereum may hit new lows as short traders were caught off guard by the rebound. However, others see the recent drop as a technical correction with support above $2,400. Crypto experts offer diverse predictions for future price movements of Ethereum. Bitcoin’s price could potentially reach $5,000 in May. Ethereum’s price is currently trading within a bull flag pattern suggesting further upside potential.