Ethereum (ETH) Price Prediction for May 7: Will Bulls Defend the $1,800 Base?

Ethereum (ETH) continues to trade in a narrowing range around the $1,800 level, following a series of lower highs since the April high near $1,910. The recent ETHEREUM Price Action suggests indecision among bulls and bears, as price fluctuates within a symmetrical triangle pattern. With volatility compressing and indicators flashing neutrality, ETH is approaching a decisive moment ahead of May 7.

Ethereum (ETH) Price Today: Testing the Triangle Apex Near $1,805

ETH/USD price dynamics (Source: TradingView.)

The 4-hour chart shows ETH testing the confluence of its 200-EMA and horizontal support at $1,785–$1,800. This zone also intersects with the lower bound of a symmetrical triangle, formed after Ethereum rebounded from its mid-April low around $1,570.

Price currently trades near $1,806.94, facing resistance from the upper triangle boundary at $1,845–$1,850. This range has capped multiple bullish attempts over the last two weeks. A clean breakout above this zone could open a path to $1,910 and potentially $1,950, where major supply sits from early April distribution.

Ethereum (ETH) Price Volatility Compressing: Indicators Signal Indecision

ETH/USD price dynamics (Source: TradingView.)

Ethereum’s recent consolidation is reflected in narrowing volatility bands and converging oscillators. The Keltner Channel on the 4H timeframe is tightening between $1,768 and $1,867. Price action remains glued to the midline, suggesting a balance of momentum.

The RSI reads 45.88 with the Stochastic RSI hovering just under 50. Both indicators reflect neutrality, with neither oversold nor overbought extremes. Meanwhile, the MACD remains below the zero line but is flattening, indicating that selling pressure has diminished, yet no bullish crossover has emerged to trigger confidence.

Ethereum (ETH) Price Update: Support Clusters at $1,775–$1,785 Hold Key

ETH/USD price dynamics (Source: TradingView.)

The EMA cluster (20/50/100/200) on the 4H chart is currently converging between $1,779 and $1,818, creating a dense support-resistance band. Any decisive move through this area will likely determine the next leg of ETH’s movement.

A breakdown below $1,775 could lead to a retest of the $1,720–$1,740 zone, followed by deeper support near $1,680 if bearish momentum accelerates. On the flip side, if bulls hold the triangle base and reclaim $1,846, momentum could quickly shift to favor buyers.

Why Ethereum (ETH) Price Going Down/UP Today?

ETH/USD price dynamics (Source: TradingView.)

Today’s Ethereum Price is largely reacting to structural compression between trendlines and EMAs. The absence of directional volatility and the flattening momentum indicators suggest traders are waiting for confirmation. Without strong volume, ETH may continue to coil within this triangle pattern. The eventual breakout—up or down—will set the tone for Ethereum’s May trajectory.

Ethereum (ETH) Price Prediction for May 7

Given the symmetrical triangle structure and the EMA cluster acting as a pivot zone, ETHEREUM is likely to remain range-bound unless a breakout occurs. A daily close above $1,850 could initiate a swift push toward $1,910. A rejection, however, risks a slide to $1,775 and potentially $1,740 in the near term. The next 24 hours may deliver a volatility spike as Ethereum approaches the triangle apex.

Read Also: Ethereum (ETH) Price Prediction May 2025

Ethereum (ETH) Price Forecast Table – May 7, 2025

Scenario Key Zone Probability Commentary Bullish breakout $1,846–$1,910 Moderate Break above triangle resistance could target early April highs near $1,950 Consolidation $1,775–$1,845 High Price likely to hover within EMA band as indicators remain neutral Bearish pullback $1,720–$1,740 Low–Moderate Breakdown below triangle base could retest late-April support band

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