Ethereum (ETH) Price Prediction for May 27: Bulls Aim for $2,650 as Breakout Gains Momentum

After spending much of last week locked in a sideways range, the Ethereum price today is trading near $2,576, nudging higher within a gradually tightening bullish pennant on the 4-hour timeframe. The Ethereum price action shows a convincing rebound from the $2,470–$2,495 demand zone, backed by improving indicators and fresh interest across spot and derivatives markets. With ETH now pressing against a key descending trendline resistance, the question is: Why is Ethereum price going up today and can bulls push toward the $2,650 and $2,713 levels in the coming sessions?

What’s Happening With Ethereum’s Price?

On the daily chart, ETH remains structurally bullish after its explosive breakout from $1,920 earlier this month. Price has now reclaimed the critical $2,550 pivot level and is consolidating beneath a confluence of resistance near $2,600–$2,620, which overlaps with prior supply zones from late March. Notably, ETH remains well above its long-term downtrend line from the 2024 highs, flipping it into support in early May. The trendline break on May 15, followed by the rapid surge toward $2,800, marked the first c…

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