Ethereum back to $3K in May? Latest rebound says ETH price ‘still has more gas’

Ethereum’s price dropped to $2,400 on May 17 before resuming its rally, which can take ETH toward $3,000 or more.

Key points:

Ether price rose 3% to $2,550 on May 18, triggering $22 million in short ETH liquidations.

A bull flag on the chart suggests a $3,700 target, with analysts predicting Bitcoin’s price to go as high as $5,000 in May.

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