Ethereum Price Prediction For May 29

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Ethereum: The Price Rollercoaster You Didn’t Sign Up For! 🎢💸

So, Ethereum’s price action lately? It’s like watching paint dry. Seriously, analysts are just sitting there, twiddling their thumbs, waiting for a breakout that might as well be a unicorn at this point. Let’s dive into the charts, shall we?

Ethereum Faces Strong Resistance Around $2,700 – $2,800

On the daily time frame, Ethereum is like that friend who just can’t seem to get over the $2,700 to $2,800 hump. Every time it gets close, it’s like, “Nope! Not today!” and gets rejected harder than a bad date. If ETH can finally close above $2,800, we might see it strut its stuff towards $3,200 – $3,300. But for now? It’s just bouncing around like a pinball between resistance and the support level at $2,400.

ETH Moving Sideways in a Tight Range

Right now, Ethereum is stuck in a sideways shuffle between $2,400 and $2,800. It’s been like this for ages—no clear breakout, just a whole lot of indecision. It’s forming an ascending triangle pattern, which sounds fancy, but really, it’s just a fancy way of saying it’s going nowhere fast. A breakout above $2,800 could send it soaring to $3,100, while a breakdown below $2,540 might have it plummeting to $2,400 or even $2,200. Talk about a dramatic exit!

Is Ethereum in the Final Stages of a Bullish Wave?

According to Elliott Wave analysis—because who doesn’t love a good wave?—Ethereum might be in the final leg of a 5th wave up that started back in April from around $1,380. Right now, it’s believed ETH is completing an A-wave to the upside. But hold your horses! A small pullback (B-wave) could be lurking around the corner, dragging prices down to the support zone between $1,650 and $2,170 before we see another possible rally. It’s like a soap opera, but with more numbers and less drama.

But hey, if ETH can break above those recent swing highs, we might just confirm a bullish continuation. On the flip side, if it breaks below $2,510, the bullish case is looking weaker than my willpower at a buffet. And if it drops below $2,319? Well, that’s just a full-on bearish move, folks. Buckle up!

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2025-05-29 10:09