Ethereum’s price dropped to $2,400 on May 17 before resuming its rally, which can take ETH toward $3,000 or more.
Key points:
Ether price rose 3% to $2,550 on May 18, triggering $22 million in short ETH liquidations.
A bull flag on the chart suggests a $3,700 target, with analysts predicting Bitcoin’s price to go as high as $5,000 in May.
