Ethereum

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A further market decline can be postponed, according to <a href="https://u.today/binance-coin-bnb-price-prediction-for-may-15" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="62fdce89-2380-4fec-8410-1a27c3d2e037" src="https://u.today/sites/default/files/inline-images/top10_1118.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The price of Ethereum (ETH) has risen by 0.83% since yesterday. <img data-entity-type="file" data-entity-uuid="4ef31bdc-c3c6-44e4-b996-243437963702" src="https://u.today/sites/default/files/inline-images/etj1_0.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
Despite today's growth, the rate of ETH is looking bearish on the hourly chart. If the daily bar closes below the local support level of $2,973, bears may again seize the initiative, which can lead to a drop to the $2,900 zone. <img data-entity-type="file" data-entity-uuid="d6dafa85-2e8f-44c7-a7da-d47337ac1a78" src="https://u.today/sites/default/files/inline-images/eth2_125.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
Bulls could not keep the rise going after yesterday's bullish closure. If the situation does not change by the end of the day, there is a chance to see a test of the support of $2,852 until the end of the week. <img data-entity-type="file" data-entity-uuid="df5fb97b-870c-4bb8-b93a-5fa7839b2e9d" src="https://u.today/sites/default/files/inline-images/eth3_114.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, none of the sides is dominating as the price is far from the main levels.&nbsp;
However, if buyers lose the $2,900 zone, the accumulated energy might be enough for a breakout, followed by a move to the $2,600-$2,700 range.
Ethereum is trading at $2,957 at press time.

Ethereum (ETH) Price Prediction for May 16

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