Ethereum back to $3K in May? Latest rebound says ETH price 'still has more gas' 📈
Ethereum's price surged over 4.5% recently, breaking significant resistance levels and triggering notable liquidations in short ETH positions. Analysts suggest a continued uptrend is possible due to technical indicators, including a bull flag pattern, promising a potential target of $3,700.
However, market volatility remains as profit-taking may lead to corrections, with short-term support at $2,470. Despite this, the overall outlook remains positive amid favorable market indicators, AI adoption, and other factors influencing Ether's growth potential.
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