$1800-$1800, ETH hangs in the balance as the trading range continues to box in. Would you remember an April high of $1910? That’s so far away, another world. ETH is now precariously days spent dancing at the tight squeeze of this symmetric triangle against both bears and bulls. Calm before the storm? Volatility contracting throughout, indicators sammying, May 7 crucial. Will it again, do an ETH bonanza, take an ETH death knell, or just fade?
Ethereum (ETH) Price Today: Testing the Triangle Apex Near $1,805
ETH/USD price dynamics (Source: TradingView.)
Is it just me, or are we witnessing an explosive coiling price action in ETH? On the 4-hour chart, ETH is under siege from a triple whammy: the 200-EMA, horizontal support hugging the $1,785–$1,800 zone, and the lower boundary of a symmetrical triangle. This triangle formed after ETH rebounded off a dip close to $1,570 around mid-April. Is it going to break out, or will it all cave in?
Gold remains unsettled in the price rainging between $1,845 and $1,850, this being a region that has thrashed bulls for almost two weeks now. Consider it to be a coil; a clean break above that resistance would see a swift price rallying towards $1,910, with $1,950 lying just beyond-headquarters of supply erected back in early April, now ready for competition.
Ethereum (ETH) Price Volatility Compressing: Indicators Signal Indecision
ETH/USD price dynamics (Source: TradingView.)
The price of Ethereum is in a tug of war, signaling a breakout. The 4-hour Keltner Channel has been tightening to a dead level between $1,768 and $1,867. Forget fireworks; this coiled spring is bound to produce a violent movement any moment now. All eyes are on the direction of the snap.
The buyers and sellers failed to express themselves, and the market remained quiet. The RSI barely hints at indecision with a reading of 45.88, well supported by the Stochastic RSI with its near-50 stance of hesitation. Neither one called out to buy; neither one whined to sell. The MACD was down there below the zero line, in the shadows, like a sleeping giant. The MACD’s calm suggested a vanishing bearish momentum and awakening bullish roar was a promise yet to be fulfilled.
Ethereum (ETH) Price Update: Support Clusters at $1,775–$1,785 Hold Key
ETH/USD price dynamics (Source: TradingView.)
Ethereum price is somewhat trapped inside this vortex. On the 4-hour chart, the 20-EMA, 50-EMA, 100-EMA, and 200-EMA are tightly coiled between $1,779 and $1,818, thus creating a strong support-resistance zone. Hold on to your seats here! Whichever way ETH manages to break out of this compressed range shall very much likely be its route for the next huge surge.
Gold’s teetering! A slip past $1,775 could trigger a landslide towards the $1,720–$1,740 safety net. Should the bears gain serious traction, brace for a deeper plunge towards $1,680. However, if the bulls defend their turf at the triangle base and muscle back above $1,846, expect a rapid reversal, painting the tape green.
Why Ethereum (ETH) Price Going Down/UP Today?
ETH/USD price dynamics (Source: TradingView.)
Ethereum’s price at the moment finds itself in a pressure cooker, tucked between trendlines and EMAs. The market is holding its breath, waiting for a spark to come along. The momentum flatlines; in the absence of a large volume, ETH is bound to remain coiled inside this shrinking triangle. Watch closely: the fate of Ethereum this May will be determined by whichever breakout occurs first-the bullish one or the bearish one.
Ethereum (ETH) Price Prediction for May 7
Ethereum sits on a knife-edge. Within the symmetrical triangle, price action is tipped, bent, or broken; the drama unfurls in a battle around a demarcated EMA cluster. Expect chop sideways until a winner emerges. Bullish scenario sees a destruction of the $1,850 level on an unequivocal daily close sending a meme rocket northward to $1,910. On a bearish note, a rejection sustains from here, sending the price sliding perilously to $1,775, the apex of which will be $1,740. Buckle up; we are on the verge of a blowout in volatility for the next 24 hours as Ethereum is gearing up as the critical triangle’s northwestern point.
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 |
Investing involves risk. This is not financial advice. Information provided by Coin Edition is for educational purposes only. We are not liable for any losses incurred as a result of acting on this content. Tread carefully and conduct your own research before making any decisions.
Thanks for reading Ethereum (ETH) Price Prediction for May 7: Will Bulls Defend the $1800 Base?
