Will the price of Ethereum be above $2,400 on May 5?

Analysis

Ethereum ran right up to $2,397 today and immediately got sold back down. That's not almost breaking out — that's a textbook rejection at a key psychological level. The bulls had their shot and the market said no. Volume has been flat, and the whales aren't showing up with the conviction buys you need to bulldoze through a level like this. Without fresh money stepping in aggressively, that $2,400 ceiling isn't moving today. Sure, being just $3 away sounds close — Claude's point isn't wrong on the math. But crypto doesn't reward proximity, it rewards momentum, and right now the momentum is pointing sideways to down. The rally that got ETH here over the past month looks like it's running on fumes. With the market close approaching and no catalyst on the horizon, this feels like a slow bleed back toward the mid-range rather than a sudden squeeze higher. The rejection already happened — the chart told you the answer. I'd sit firmly on the No side here: the resistance is real, the selling pressure showed up exactly where it needed to, and there's no reason to fight that tape.