Ethereum Price Prediction: Why ETH Needs to Clear $2,400 by End of May

Ethereum (CRYPTO: ETH) is trading astatine $2,223 today, astir 8% beneath the $2,400 level that each purchaser has failed to ace for the past 2 months. With May ending successful 17 days, tin Ethereum wide that level earlier the period ends?

If ETH can't adjacent supra that level earlier then, the adjacent speech shifts from "recovery" to "where does it find support." Here's wherefore the $2,400 terms matters, what May has looked similar truthful far, and what could yet propulsion the ETH terms supra it.

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How Has Ethereum Performed successful May So Far?

May has been a unsmooth period for Ethereum holders, and the absorption has been consistently downward. Ethereum opened astatine $2,257 connected Thursday, down 0.7% from Wednesday's value, marking the 4th consecutive time of little opens since the commencement of the week. ETH's all-time precocious was $4,946 connected August 24, 2025, and the coin is present valued astatine 55% beneath that level.

Although the Ethereum terms built a constructive basal betwixt $2,100 and $2,400 crossed March and April, each propulsion toward the precocious extremity of that scope has stalled. Ethereum slipped adjacent $2,293 and remained trapped beneath the cardinal $2,400 absorption zone, with analysts saying ETH indispensable reclaim and clasp supra $2,400 to reconstruct bullish momentum.

The astir telling information constituent from May is what happened connected the aforesaid time Charles Schwab opened spot Ethereum trading to its 39 cardinal clients. Ethereum ETFs recorded $36.3 cardinal successful nett outflows, led by BlackRock's iShares Ethereum Trust astatine $22.3 cardinal and Fidelity's Ethereum Fund astatine $14 million.

This reflects that organization entree is expanding astatine the fastest gait successful ETH's history, and ETF wealth is flowing retired astatine the aforesaid time.