Can ETH get back $2,550 after pullback?

Today’s Ethereum price is trading at around $2,504, and will be a mild daytime recovery after a correction wave of nearly $2,660 since the recent May 13th. Assets surged sharply earlier this month, but as ETH consolidates under the downward trend, the Bulls are now facing severe resistance. Despite current momentum being paused, the wider Ethereum price action remains bullish as long as the price holds a major support level close to $2,450.

What will be the price of Ethereum?

After a breakout rally from the $1,950 zone, Ethereum prices rose more than 35% in less than a week, testing supply regions between $2,660 and $2,700. However, this level caused short-term rejection, and ETH has since been fixed back to the $2,470-2,500 range. On the four-hour chart, ETH is currently about to rebound at $2,456 from the bottom Bollinger band and EMA 50 levels with $2,456. Both serve as short-term support.

Ethusd Price Dynamics (Source: TradingView)

In the lower time frame, ETH formed a falling wedge pattern between $2,470 and $2,580, which is often considered a bullish continuation setup. The 30-minute chart shows strong midrange retrieval supported by inverting RSI and MACD histograms climbing towards 60 to green. A breakout above $2,535 could again cause a short-term Ethereum price spike towards the $2,600 handle.

The one-day chart shows that ETH is retesting previous resistances between $2,420 and $2,445, and is now inverting into a support cluster, confirming this as a key zone. Additionally, prices far surpass the downtrend breakoutline from April, holding on to a higher time frame above the EMA 20 and EMA 50.

Bullish integration under trendline resistance

Ethusd Price Dynamics (Source: TradingView)

In the lower time frame, ETH formed a falling wedge pattern between $2,470 and $2,580, which is often considered a bullish continuation setup. The 30-minute chart shows strong midrange retrieval supported by inverting RSI and MACD histograms climbing towards 60 to green. A breakout above $2,535 could again cause a short-term Ethereum price spike towards the $2,600 handle.

Ethusd Price Dynamics (Source: TradingView)

Meanwhile, the 4-hour unsolved cloud indicates that ETH is still trading within the scope of the cloud, with Tenkan-Sen and Kijun-Sen flattening, indicating the possibility of a re-accumulation of momentum. Above $2,535, the price will be priced above the cloud, confirming a new bullish bias.

Why are Ethereum prices rising today?

Ethusd Price Dynamics (Source: TradingView)

The answer to why Ethereum prices are rising today is in the technology structure, supporting resilience. Despite sales close to the recent $2,660 barrier, buyers have repeatedly defended demand zones of between $2,470 and $2,490. This area is consistent with the Bollinger Band at the bottom and 100 EMA, providing solid scaffolding for short-term bounce.

Ethusd Price Dynamics (Source: TradingView)

On the 30-minute chart, RSI flips bullishly, suggesting new buyers’ interest, surpassing 59. The MACD lines are intersected upside down, and the histogram bar is positive. Both are classic indicators of bullish continuity. This recovery comes along with a wider emotional rebound in altcoins, with Bitcoin also being held above $103,000.

Ethereum price forecast for May 19th

Ethusd Price Dynamics (Source: TradingView)

Going forward, Ethereum price volatility is expected to remain high between major resistance and layered support between $2,535-$2,560 and between $2,470-$2,440. The decisive breakout, over $2,560, opens the door towards $2,635, followed by a higher May at $2,660.

However, if you exceed $2,470, you could be exposed to a deeper retest of $2,424 (FIB 0.382-week level) and the $2,300-$2,350 range where previous integrations occurred. Still, as long as ETH exceeds $2,300, the overall structure remains bullish.

Ethereum Price Prediction Table – May 19th

Ethereum’s price update reflects a critical integration phase with a bullish undercurrent. Traders should closely watch the resistance area between $2,535 and $2,560.