Ethereum
Ethereum (ETH) Price Prediction for May 26
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The last day of the week is more bearish than bullish, according to CoinStats.
ETH chart by CoinStats
ETH/USD
The price of Ethereum (ETH) has increased by almost 2% over the past day.
Image of Trading View
On the hourly chart, the ETH rate appears bullish as it breaks above the local resistance level of $3,816. If buyers can maintain the initiative gained, the upward movement could continue until $3,850 to $3,900 zone Soon.
Image of Trading View
On the daily time frame, it is worth paying attention to the level closest to $3,841. If the bar closes above and without a long wick, the accumulated energy could be enough for a continued rise to $3,950.
Image of Trading View
Ethereum (ETH) price almost touched the $3,993 resistance. However, buyers may need more time to build up energy for further upside. In this case, a sideways trade between $3,700 and $3,900 is the most likely scenario.
Ethereum is trading at $3,820 at press time.
About the Author
Denys Serhiichuk
With over 5 years of experience in trading, Denys has in-depth knowledge of technical and fundamental market analysis. He mainly started his blog on TradingView, where he posts all the relevant information and makes predictions about major coins.
Thus, his experience is enhanced by his work in leading blockchain-related companies such as W12, Platinum Listing, ATB Coin and others, which can be contacted at denys.serhiichuk@u.today.