On May 18th, ETH prices rose, with an increase of over 2.5% in the past 24 hours, trading at $2536. The price of Ethereum rose more than 4.5% from the previous day's low of $2440 to an intraday high of $2551. This rebound has strengthened the market's optimism, believing that ETH prices may reach $3000 in May, citing strong technical conditions. On May 19th, in addition to the sharp decline of Ethereum, there was also a large-scale liquidation in the cryptocurrency market. Over $158 million in leveraged positions have been liquidated in the past 24 hours, with $95 million being long positions. The total amount of Ethereum short positions cleared reached $22.25 million, with $7.5 million evaporated in just the past hour. The recent decline of Ethereum is a technical correction aimed at retesting key support levels before continuing to rise, with a target of $3000 and above. The bullish flag of Ethereum prices is still playing a role From a technical perspective, the ETH price remains above the bullish flag within a four hour time frame, which is a bullish signal formed after a significant increase in price and consolidation in the downward range. On May 13th, when the price broke through the upward trend line of $2550, the bull market flag was confirmed. At present, Ethereum is retesting the upper boundary of the flag shape, which is currently at $2470, forming a direct support level. If the daily chart closes above this level, Ethereum may resume its upward trend and move towards the technical target of $3720 in a bull market flag shape, up 50% from the current price. ETH