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<p>The post <a href="https://coinpedia.org/price-analysis/ethereum-price-prediction-will-eth-price-hit-new-ath-by-may-end/">Ethereum Price Prediction: Will ETH Price Hit New ATH By May End?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With the rising speculations of the Ethereum ETF approval by the Securities and Exchange Commission (SEC), the ETH price has recorded a massive jump of 19.26% within the past day with a surge of 243.69% in its trading volume.</p> 
<p>Furthermore, the market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">BTC price</a>, has added 7.12% with a jump of 130% in its trading volume during the early trading hours today, resulting in it successfully reclaiming the $72,000 mark.</p> 
<p>Will the ETH price hit a new all-time high (ATH) this May? With the potential approval of the Spot Ethereum ETF? Dive in as, in this article, we have covered the in-depth analysis and possible targets for the Ethereum price.</p> 
<h2 class="wp-block-heading" id="h-ethereum-token-breaks-out-of-the-channel-pattern">Ethereum Token Breaks Out Of The Channel Pattern:</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum price</a> successfully broke out of the falling channel pattern after the social sentiments recorded a significant rise in the pending approval of the spot ETF. This resulted in the ETH token recording a breakout rally in the 1D time frame after trading in the negative pattern since mid-March.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/x-pcvFTlILkUXmf4b9evRSODc3Gm8auy9E2mqeDPmF3X53weCx_aRGMye6t5p-tcvcIUKdLPLbIx9g-dHxOhvqQAT99sW02Bkeo0hF1vA9uvr4JWDwm7dqyO57mHgT-jcGZ4i562HYyaHZce8LQmBOE" alt="Ethereum Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ETH/USDT
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</figure> 
<p>Positively, the altcoin leader, <a href="https://markets.coinpedia.org/ethereum/">ETH price</a>, has recorded the single-largest jump in the past 36 months, by adding approximately 20% within the past 24 hours. This further indicates a strong bullish reversal in the crypto market.</p> 
<p>With increased buying sentiment and a fresh inflow of funds in the crypto market, the Ethereum token has surpassed the $3,650 mark following the recent price surge.</p> 
<h2 class="wp-block-heading" id="h-ethereum-etfs-impact-on-the-crypto-market">Ethereum ETFs Impact On The Crypto Market:</h2> 
<p>The prime reason for the recent market pump is considered to be the sudden rise in the speculations about the approval of the Ethereum ETF approval.</p> 
<p>Further, regarding the approval changes of the spot, ETF’s approval has increased from 25% to 75% following the increase in the filing of the 19b-4 application as per the report by Bloomberg.</p> 
<p>With this, the crypto industry is expected to record a significant price action during the upcoming weeks, with a high possibility of an AltSeason.</p> 
<h2 class="wp-block-heading" id="h-eth-market-sentiments">ETH Market Sentiments:</h2> 
<p>The Simple Moving Average (SMA) shows a bullish rise in the price chart, suggesting a positive outlook for the altcoin in the coming time.</p> 
<p>On the other hand, the MACD displays a significant rise, highlighting an increase in the buying-over-selling pressure in the crypto space. Moreover, its RSI hovered at the over-bought range in the 1D time frame, highlighting a bullpower in the crypto market.</p> 
<h2 class="wp-block-heading" id="h-is-this-the-best-time-to-buy-ethereum">Is This The Best Time To Buy Ethereum?</h2> 
<p>Suppose the market continues to trade under a bullish influence. In that case, the Ethereum price is predicted to retest its upper high of $4,100 mark this month, considering the present market sentiments.</p> 
<p>However, if the Ethereum Spot ETF gets approved by the SEC, the altcoin leader will experience a fresh price rally during the coming time. With this, the ETH price could potentially retest its previous ATH of $4,891.</p> 
<p>Conversely, in case of a rejection, the ETH price will lose momentum and plunge toward its low of $3,000 range.</p>

Ethereum Price Prediction: Will ETH Price Hit New ATH By May End?

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