Ethereum (ETH) Price Prediction for May 21: Can Bulls Reclaim $2,600 After Pullback?

The Ethereum price today is trading around $2,542 after failing to break above the $2,588 intraday high. Despite last week’s sharp upside rally that sent ETH soaring above $2,500 for the first time in over a month, the recent Ethereum price action signals a near-term pause as bulls struggle with overhead resistance. The market has now entered a key zone between the $2,520–$2,600 range, where several technical indicators suggest a cooling of bullish momentum. What’s Happening with Ethereum’s Price? ETHUSD price dynamics (Source: TradingView) Looking at the 30-minute and 4-hour charts, ETH remains within a tight consolidation channel. On the 4H timeframe, price is testing the upper trendline of a descending wedge while staying above major support at $2,439.36. The lower boundary of this range coincides with the previous breakout zone, indicating that bulls may defend this area aggressively. ETHUSD price dynamics (Source: TradingView) The Ethereum price update reflects muted volatility as Bollinger Bands begin to narrow, suggesting a potential breakout in either direction. Meanwhile, the 4-hour MACD is showing a weak crossover with fading bullish histograms… The post Ethereum (ETH) Price Prediction for May 21: Can Bulls Reclaim $2,600 After Pullback? appeared first on Coin Edition .

Source: Coin Edition