Ethereum

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The last day of the week is more bearish than bullish, according to <a href="https://u.today/shib-price-prediction-for-may-25" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="7ae606be-487c-4793-89de-011a5c8f4e7c" src="https://u.today/sites/default/files/inline-images/top10_1139.png">ETH chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 id="eth-usd">ETH/USD</h2>
The price of Ethereum (ETH) has risen by almost 2% over the last day. <img data-entity-type="file" data-entity-uuid="8ffd3289-d3be-4ddb-854a-974da78c57e5" src="https://u.today/sites/default/files/inline-images/eth1_121.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of ETH is looking bullish as it is breaking the local resistance level of $3,816. If buyers can hold the gained initiative, the upward move may continue to the <a href="https://u.today/ethereum-eth-price-prediction-for-may-24" rel="noopener noreferrer nofollow">$3,850-$3,900 zone</a> soon. <img data-entity-type="file" data-entity-uuid="d7bc2d13-6fac-4d94-99fd-b2741ff90391" src="https://u.today/sites/default/files/inline-images/eth2_127.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, one should pay attention to the nearest level of $3,841. If the bar closes above it and with no long wick, the accumulated energy might be enough for an ongoing rise to $3,950. <img data-entity-type="file" data-entity-uuid="f741d2aa-e725-456f-9921-5227724131ba" src="https://u.today/sites/default/files/inline-images/eth3_116.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
The price of Ethereum (ETH) has almost touched the resistance of $3,993. However, buyers might need more time to accumulate energy for a further rise. In this case, sideways trading in the range of $3,700-$3,900 is the more likely scenario.
Ethereum is trading at $3,820 at press time.

Ethereum (ETH) Price Prediction for May 26

Table of Contents

U_Today

Other articles published on May 26, 2024

Marathon Digital Eyes Boosting Renewable Energy Expansion in Kenya

Ondo Finance Token Gains Significant Popularity in Crypto Market

Why Dogecoin [DOGE] cannot rise beyond THIS level right now

Donald Trump's Crypto Support Shows Strong With Latest Statements

MoonBag Presale Dashes Up the Crypto Charts! ChainGPT Utilises AI While Dogeverse Disappoints Tra...

Analytics Company Santiment Shares the Most Trending Altcoin Right Now and Why

Join our free newsletter for daily crypto updates!