Ethereum (ETH) Price Prediction for May 11: Can Bulls Extend the Rally Above $2,400?

The Ethereum price today is trading around $2,365, holding steady after a dramatic two-day surge from the $1,800 region. This bullish move followed a breakout above a multi-month descending trendline and has brought Ethereum price action into focus as traders eye the psychological $2,400 barrier. The price has jumped nearly 30% since May 7, posting one of the strongest recoveries among top altcoins this week. What’s Happening With Ethereum’s Price? ETHUSD price dynamics (Source: TradingView) The daily chart reveals a clean breakout from the falling wedge structure that had capped upside since March. Key resistance levels between $2,360 and $2,400—formed from earlier January-February consolidation—are now being tested. Meanwhile, the weekly structure shows ETH has bounced from the 0.5 Fibonacci level and is targeting the 0.618 zone near $2,520 in the mid-term. Why Ethereum Price Going Up Today? Bullish Momentum Builds as Key Levels Flip ETHUSD price dynamics (Source: TradingView) The answer to why Ethereum price going up today lies in the alignment of both technical and momentum indicators. On the 4-hour chart, ETH has firmly closed above the 20/50/1… The post Ethereum (ETH) Price Prediction for May 11: Can Bulls Extend the Rally Above $2,400? appeared first on Coin Edition .

Source: Coin Edition