Ethereum (ETH) Price Prediction for May 7: Will Bulls Defend the $1,800 Base?

Ethereum (ETH) continues to trade in a narrowing range around the $1,800 level, following a series of lower highs since the April high near $1,910. The recent ETHEREUM Price Action suggests indecision among bulls and bears, as price fluctuates within a symmetrical triangle pattern. With volatility compressing and indicators flashing neutrality, ETH is approaching a decisive moment ahead of May 7.

Ethereum (ETH) Price Today: Testing the Triangle Apex Near $1,805

The 4-hour chart shows ETH testing the confluence of its 200-EMA and horizontal support at $1,785–$1,800. This zone also intersects with the lower bound of a symmetrical triangle, formed after Ethereum rebounded from its mid-April low around $1,570.

Price currently trades near $1,806.94, facing resistance from the upper triangle boundary at $1,845–$1,850. This range has capped multiple bullish attempts over the last two weeks. A clean breakout above this zone could open a path to $1,910 and potentially $1,950, where major supply sits from early April distribution.

Ethereum (ETH) Price Volatility Compressing: Indicators Signal Indecision

The post Ethereum (ETH) Price Prediction for May 7: Will Bulls Defend the $1,800 Base? appeared first on Coin Edition.