PANews reported on May 18 that according to Cointelegraph, the price of Ethereum (ETH) fell to $2,400 yesterday, but then rebounded quickly. Today, the price of ETH rose by more than 2.5% to the $2,536 range. The rebound resulted in the liquidation of more than $22 million in ETH short positions. Technical analysis shows that the price of ETH is still in a bullish flag pattern, and if it breaks through the current resistance level, it may point to a target price of $3,700. Analyst Titan of Crypto said that the weekly Stochastic RSI shows that ETH still has room to rise. Another analyst, Chimp of the North, believes that ETH may rise again after a pullback to $2,400, with a target range of $3,000 to $3,300. In addition, analyst Crypto Patel pointed out that if ETH falls to $1,800 and is supported, it may start a new round of rising prices with a target price of between $4,000 and $5,000.