Ethereum (ETHUSD) Price Is Going Long

Ethereum (ETHUSD) Price Forecast: May 27

ETHUSD price is going long at the moment. The coin price sends clear bullish signals trading above the EMA line, indicating that buyers are making solid progress. The crypto gave a bullish breakout from the $2,552.44 to $2,578.38 value, suggesting buyers are making a recovery attempt. Consequently, if the cryptocurrency’s price remains above the $3,438.96 high mark, the possible rally could accelerate to the $3,746.00 upper resistance level and beyond.

Key Levels:
Resistance Levels: $2,400, $2,500, $2.600
Support Levels: $1,800, $1,700, $1,600

ETH (USD) Long-term Trend: Bullish (Daily Chart)

The long–term chart of ETHUSD shows that the price is going long. The coin price is above the moving average making higher highs and higher lows, indicating an uptrend. The upward trend will likely continue following the increasing volume by the bulls.
The bulls’ successful breakout to the $2,555.30 supply value during yesterday’s session also contributed to the crypto price going long at its recent high.

Today, the Ethereum buyers’ corrective rally at a $2,578.38 high level above the moving averages shortly after the daily session opens today suggests the coin price is going long and might head to the $0.0554 previous high, amid an ascending bullish pattern.

Additionally, due to an upward momentum shown by the price indicator, the ETHUSD pair might continue going long to reach the $3,746.00 upper high level in its long-term outlook.

ETH (USD) Medium-term Trend: Bullish (4H Chart)

Despite the interference of the short traders, the ETHUSD price is going long on the medium-term chart. The price remains above the EMA, making higher highs and moving towards the overhead resistance area.
The breakout to the $2,502.76 supply value in the previous session has driven the coin market above the resistance level and retained its bullish strength.

The Ethereum price trades at a $2,576.68 high value above the EMA line, showing an intraday gain and the impact of the buy investors on the coin market; likewise, the downside risk remained uncertain.

Notably, the ETHUSD price is going long and may continue, as shown by the daily signal, pointing upwards. Therefore, the upward rally might surge to reach the $0.0335 upper resistance trend line sooner in its medium-term outlook.

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