Ethereum (ETH) Price Prediction for May 30: Bulls Target $2,800 After Breakout

Ethereum continues to exhibit impressive resilience following its recent surge above the $2,700 threshold. This technical strength signals a clear bullish trend emerging on both short-term and long-term charts. As of today, the Ethereum price is holding firm near $2,727, reflecting a solid rebound from the mid-May lows and setting the stage for potential continuation.

What’s Happening With Ethereum’s Price?

The Ethereum price today is consolidating just below the key $2,750 resistance level. This zone aligns closely with the 0.5 Fibonacci retracement at $2,745, derived from the weekly swing high near $4,100 down to the March 2025 low of approximately $1,385. Price has broken past the 0.382 level ($2,324), which previously acted as resistance, and is now testing the mid-Fibonacci band—commonly a pivot for medium-term trend continuation.

On the 4-hour chart, Ethereum has broken above a descending wedge and is maintaining position above the 20/50/100 EMA cluster. Notably, the price action has pierced the upper Bollinger Band, indicating aggressive bullish momentum, but also hi…

The post Ethereum (ETH) Price Prediction for May 30: Bulls Target $2,800 After Breakout appeared first on Coin Edition.