The post Ethereum (ETH) Price Prediction for May 14 appeared on BitcoinEthereumNews.com.

The Ethereum price today is trading around $2,445, following a sharp surge earlier this week that brought ETH to a local high of $2,623. After this bullish breakout, the market is showing signs of consolidation as sellers test the newly formed support around $2,420. This level sits just above the 38.2% Fibonacci retracement ($2,424) on the weekly chart — a zone critical for sustaining upward Ethereum price action. ETH/USD price dynamics (Source: TradingView) From a weekly perspective, Ethereum remains above both the 23.6% and 38.2% retracement levels, signaling a structurally bullish recovery from its March lows near $1,385. However, a decisive move above the 50% zone at $2,745 would be needed to confirm a broader trend reversal. Ethereum Price Action Faces Pullback in Bullish Flag Formation ETH/USD price dynamics (Source: TradingView) On the 4-hour chart, Ethereum appears to be forming a bullish flag — a continuation pattern, after its strong vertical move from $2,100 to $2,600. Price is currently correcting within a descending channel, trading near the lower bound. If bulls defend the $2,420–$2,430 support cluster (which aligns with EMA20 and lower Bollinger Band), we could see a breakout continuation toward $2,550 and even $2,600. ETH/USD price dynamics (Source: TradingView) This short-term correction is not unexpected after recent Ethereum price spikes. The RSI on the 30-minute and 4-hour charts hovers near 43–45, suggesting a neutral to slightly bearish bias. However, a reversal in momentum could come quickly if RSI moves back above 50. The MACD histogram has flattened, indicating waning bearish pressure for now. Why Ethereum Price Going Down Today? ETH/USD price dynamics (Source: TradingView) The answer to why Ethereum price going down today lies in lower time frame exhaustion. After a parabolic rally between May 8–11, ETH faced overhead resistance at $2,600, triggering mild profit-taking. Price is also reacting…

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Filed under: News - @ May 13, 2025 7:27 am