Analyze Ethereum Ethereum prices have shown strong strength, rebounding from below $2200 and holding onto key price ranges. It is located in the macro region of $2200-3000 and is expected to continue its upward trend. ​ On May 11th, the trading volume of ETH reached 96.77 billion US dollars, and the price rose to 2513.57 US dollars. The high trading volume provided strong support for the price rebound and reduced the risk of short-term correction. Previous data shows that Ethereum tends to rise after recovering from this range, and the recovery of the $2200 support level proves its resilience. If it continues to rise above this level, it may launch a shock towards $2700 or even $3000. ​ In terms of technical indicators, although MACD has not yet completed a bullish crossover, it appears that the downward trend has significantly weakened. ​ At present, we need to pay attention to the consolidation situation of $2500-2600. If Ethereum stabilizes above $2500, it is expected to impact $3000; If the trading volume continues to support, the $2700 pressure level will soon face a test. In addition, among the liquidation amount of up to $37.17 million on May 11th, Ethereum short liquidation accounted for $27.63 million, and the bearish trend caused by a large number of failed short bets further boosted the rapid rise in prices. ETH