Ethereum (ETH) Price Prediction for May 21 — TradingView News
The crypto market remains mainly bullish today, according to CoinStats.CoinStats”>
The price of Ethereum 
ETHUSD has gone up by 2.43% over the last day.TradingView”>
On the hourly chart, the rate of ETH is closer to the support than to the resistance. If bulls cannot seize the initiative soon, traders may expect a level breakout, followed by a further correction to the $2,500 zone.TradingView”>
On the bigger time frame, the price of the main altcoin is in the middle of the wide channel, between the support of $2,317 and the resistance of $2,738.
As neither bulls nor bears are dominating, there are low chances of seeing sharp moves soon.TradingView”>
From the midterm point of view, the rate of ETH has once again bounced off the resistance of $2,608. However, if the weekly bar closes near that mark, traders may witness a blast to the vital zone of $3,000.
Ethereum is trading at $2,571 at press time.