Ethereum could crash to $1,500 in May due to several fundamental and technical reasons.
in the February-November 2021 session. Also, the target is around Ether's 200-week exponential moving average , currently near $1,600.in anticipation of a sharp upside retracement.
Suppose it happens, then ETH's price interim profit target would likely be the multi-month downward sloping trendline that has served as resistance in a"falling channel" pattern, as shown in the chart below.ETH has already been rebounding after testing the demand zone as support. This could push ETH/USD to reach the channel's upper trendline near $3,000, about 50% above today's price, by June.
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