The Ethereum price today is trading around $2,365, holding steady after a dramatic two-day surge from the $1,800 region. This bullish move followed a breakout above a multi-month descending trendline and has brought Ethereum price action into focus as traders eye the psychological $2,400 barrier. The price has jumped nearly 30% since May 7, posting one of the strongest recoveries among top altcoins this week.

What’s Happening With Ethereum’s Price?

The daily chart reveals a clean breakout from the falling wedge structure that had capped upside since March. Key resistance levels between $2,360 and $2,400—formed from earlier January-February consolidation—are now being tested. Meanwhile, the weekly structure shows ETH has bounced from the 0.5 Fibonacci level and is targeting the 0.618 zone near $2,520 in the mid-term.

Why Ethereum Price Going Up Today? Bullish Momentum Builds as Key Levels Flip

The answer to why Ethereum price going up today lies in the alignment of both technical and momentum indicators. On the 4-hour chart, ETH has firmly closed above the 20/50/100/200 EMAs, with all moving averages now stacked bullishly. This crossover confirms strong upside momentum and trend reversal from the April lows.

The MACD on the 30-minute and 4-hour timeframes is still in bullish territory, with a wide gap between the MACD and signal lines, though histogram bars are slightly flattening—suggesting a cooling of momentum rather than reversal. Similarly, the RSI on both timeframes is hovering just under the overbought zone (currently near 59), indicating ETH is sustaining its bullish bias without immediate exhaustion.

However, short-term Ethereum price volatility is expected as the price nears $2,400. The stochastic RSI is showing divergence on the lower timeframes, pointing to possible consolidation or a minor dip before any continuation. In addition, Ichimoku Cloud analysis on the 4-hour chart shows ETH trading well above the cloud with the Tenkan-Sen and Kijun-Sen aligned in a bullish crossover, further confirming the uptrend.

Ethereum Price Prediction for May 11: Key Levels to Watch

If ETH holds above the $2,300–$2,340 range in the coming hours, bulls may attempt to clear the $2,400 barrier. A decisive daily close above this level could open the door to the $2,520–$2,550 zone, which aligns with the 0.618 Fibonacci retracement on the daily chart. On the downside, initial support lies near $2,300 followed by a key cushion at $2,145 (the 50-EMA on the 4H).

Given the recent Ethereum price spikes, traders should monitor for potential pullbacks toward $2,250 if the price fails to sustain above $2,365. However, the current Ethereum price update leans bullish with higher highs, volume support, and clean trendline breaks across all major timeframes.

Forecast Table: Ethereum (ETH) Short-Term Price Levels

Previously, we highlighted ETH’s tightening price action and wedge breakout near $1,850. With that structure now resolved and momentum favoring the upside, this Ethereum price prediction for May 11 suggests continued strength unless bulls lose the $2,300 level.

A new Dogecoin price prediction by a TradingView analyst suggests that the largest meme coin might repeat last year’s price action, rocketing nearly 6x to reach a new ATH above $1.

However, DOGE will likely play second fiddle to Remittix (RTX), a new PayFi token in the highly valued cross-border payments sector forecasted to deliver investors 100x gains! Let’s find out why.

Remittix (RTX) might return 10,000% to investors

This Remittix’s astronomical price forecast is anchored on its innovative payment solution that market pundits posit will shake the massive cross-border settlements and remittance economy.

Source: Remittix Website

This Ethereum dApp features a cutting-edge crypto-to-fiat payment network that connects cryptocurrencies to everyday local payment apps globally, allowing crypto holders and small business owners to transfer fiat to any bank using crypto.

By seamlessly merging the crypto and fiat worlds, Remittix weaves the speed of crypto with the convenience of fiat payment systems, eliminating the delays and high costs that plague traditional money transfers.

Unlike the legacy cross-border wires that take 2-5 business days with extra wire, FX and hidden costs, Remittix offers same-day settlement at a flat fee and users can initiate payments using 50+ coins and over 30 currencies.

It’s easy to see why crypto experts believe the Remittix protocol will disrupt the $190 trillion cross-border payments economy and cut a hefty share for itself. Taking even 1% market share suffices to push the RTX market cap to the billions, sparking a stratospheric 100x upsurge for the token price.

The DOGE price bounces off recent lows

After a prolonged five-month correction, the DOGE price crumbled to a vital support level in the $0.14 region. But DOGE whales have been pouring in fresh liquidity at the dip, pushing the Dogecoin price up over 30% in the past month.

Source: CoinMarketCap

This impressive price recovery comes amid positive Dogecoin news of the DogeOS, which has secured $6.9 million in funding to transform the Dogecoin blockchain into a dApp development layer.

The DOGE price increase is also likely being fueled by the potential approval of a Dogecoin ETF, whose odds have risen to over 60% on Polymarketcap. 

Top crypto analysts now predict that the meme coin might be gearing up for a massive bullish breakout following an extended period of correction and consolidation.

Dogecoin Price Prediction: Analyst forecasts a 500% rally for DOGE 

TradingView analyst GreenCrypto maintains that the Dogecoin price has been on a long-term uptrend since 2023, forming a robust ascending wedge pattern.

Source: TradingView

The analyst suggests that the meme coin is set to continue the upside, with the trajectory of the pattern showing a potential blast to a new all-time high in the $1.1 zone. That represents a staggering gain of nearly 600% from current rates!

DOGE looks good, but RTX has better prospects

The 500% Dogecoin price prediction fades before RTX, which is predicted to pull a 100x potential multiplier thanks to its innovative PayFi solution, low market cap and astronomical market potential.

This far, investors have stockpiled over 532 million RTX tokens, pushing the Remittix ICO toward the $15 million mark. Tokens are selling fast at the $0.0757 floor price, but it’s just a matter of days before the price jumps to $0.0781. Investors are advised to jump in now rather than later and load up while the price is still low.

Discover the exciting opportunities of the Remittix (RTX) presale today!

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix

Key points:

• Bitcoin holding $100,000 as a level of support would confirm the current trend change.

• Ether leads among altcoins, and DeFi tokens could follow.

Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post, CoinGlass said that Bitcoin’s rally resulted in $837.80 million in short liquidations in a 24-hour period, the largest since 2021.

Bitcoin’s rally also lifted several major altcoins, which soared above their respective overhead resistance levels. The altcoin rally was led by Ether (ETH), which surged roughly 22% on May 8, triggering a $328 million liquidation of Ether short positions.

Although the short-term picture has turned positive, Bitcoin bulls are expected to face significant resistance near the all-time high of $109,588. During pullbacks, traders will have to maintain the price above $100,000 to retain the bullish momentum. 

Could Bitcoin continue its upward move and pierce the all-time high? Are altcoins getting ready for a short-term rally? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

Bitcoin rallied more than 6% and closed above the $100,000 barrier on May 8, indicating that buyers have asserted their supremacy.

The BTC/USDT pair could reach the $107,000 to $109,588 zone, where the bears are expected to mount a strong defense. The overbought level on the relative strength index (RSI) suggests a short-term pullback is possible.

If the price turns down from the overhead resistance but finds support at the 20-day exponential moving average ($94,879), it signals a positive sentiment. The bulls will then make one more attempt to push the price above the all-time high.

The first sign of weakness will be a close below the 20-day EMA. That suggests profit booking at higher levels. The pair may then tumble to the 50-day simple moving average ($88,139).

Ether price prediction

Ether (ETH) skyrocketed above the $2,111 resistance on May 8 and extended its up move to nearly $2,550 on May 9.

The long wick on the candlestick shows solid selling near $2,550. If the price turns down from $2,550 but finds support at $2,111, it indicates that the bulls are trying to flip the level into support. The bulls will then make one more attempt to drive the ETH/USDT pair above $2,550. If they succeed, the pair could climb to $2,850.

Sellers will have to pull the price below the $2,111 level to weaken the bullish momentum. The pair may then slide to the 20-day EMA ($1,867).

XRP price prediction

Buyers have pushed XRP (XRP) to the resistance line, which is a crucial near-term level to watch out for.

Sellers are expected to defend the resistance line aggressively because a break and close above it signals a potential trend change. The XRP/USDT pair could rise to $2.60 and subsequently to $3.

If the price turns down from the resistance line but finds support at the moving averages, it suggests that the bulls are buying the dips. The bulls will then again attempt to propel the price above the resistance line. Sellers will have to tug the price below the $2 support to seize control.

BNB price prediction

BNB (BNB) made a decisive move higher on May 8 and rose above the immediate overhead resistance at $620.

The BNB/USDT pair reached the $644 level on May 9, which is expected to behave as a strong barrier. However, if buyers keep up the pressure and pierce the $644 resistance, the pair could soar to $680.

Time is running out for the bears. If they want to halt the uptrend, they will have to fiercely defend the $644 level and pull the price below the moving averages. The pair could then descend to $580.

Solana price prediction

Solana (SOL) broke and closed above the $153 resistance on May 8, indicating that the bulls are in charge.

The SOL/USDT pair could reach $180, which is expected to behave as a formidable obstacle. If the price turns down from $180 but rebounds off $153, it suggests that buyers are trying to form a higher low. That enhances the prospects of a rally to $200.

This optimistic view will be invalidated in the near term if the price turns down sharply and plummets below the $140 support. That suggests traders are booking profits at higher levels.

Dogecoin price prediction

Buyers successfully defended the moving averages and pushed Dogecoin (DOGE) to the overhead resistance at $0.21.

Sellers will try to halt the up move at $0.21, but if the bulls pierce the resistance, the DOGE/USDT pair could rally toward $0.25. If the price turns down from $0.25 but finds support at $0.21, it signals that the bulls have flipped the level into support. That suggests the downtrend could be over.

Contrarily, if the price turns down sharply from $0.21 and breaks below the moving averages, it indicates that the pair may oscillate inside the range for some more time.

Cardano price prediction

Cardano (ADA) bounced off the 50-day SMA ($0.67) and completed an inverse head-and-shoulders pattern on May 8.

The 20-day EMA ($0.69) has started to turn up, and the RSI is in the positive territory, signaling an advantage to buyers. If the price remains above the neckline, the ADA/USDT pair could surge toward the pattern target of $1.01. There is resistance at $0.83, but it is likely to be crossed.

If bears want to prevent the upside, they will have to yank the price below the 50-day SMA. That could sink the pair to $0.60 and eventually to $0.50.

Related: Chance of Bitcoin price highs above $110K in May increasing — Here’s why

Sui price prediction

Sui (SUI) rallied sharply from the 20-day EMA ($3.29) and climbed above the $3.90 overhead resistance on May 8.

The upsloping 20-day EMA and the RSI near the overbought zone signal that the bulls are in command. If the price maintains above $3.90, the SUI/USDT pair could rally to $4.25 and eventually to $5.

Alternatively, if the price turns down and closes below $3.90, it suggests that the bears are trying to make a comeback. The pair could then slump to the 20-day EMA, which is likely to act as solid support.

Chainlink price prediction

Chainlink (LINK) turned up sharply from the 50-day SMA ($13.72) on May 8 and completed an inverse head-and-shoulders pattern. 

Sellers are trying to pull the price back below the neckline, but if the bulls successfully hold the level, the LINK/USDT pair could break above the resistance line and rally toward the pattern target of $21.30.

This optimistic view will be negated if the price turns down sharply and breaks below the moving averages. That opens the doors for a fall to $12, indicating that the pair may remain inside the channel for a while longer.

Avalanche price prediction

Avalanche (AVAX) bounced off the moving averages on May 8 and reached the overhead resistance of $23.50 on May 9.

Sellers are expected to defend the $23.50 level with all their might because a break and close above the resistance could clear the path for a potential rise to $28.78 and, after that, to $31.73.

On the contrary, if the price turns down sharply from $23.50 and breaks below the moving averages, it suggests that the AVAX/USDT pair may extend its stay inside the range for a few more days.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.