On May 18, market analysts believed that Ethereum's recent decline was a technical correction aimed at retesting key support levels before continuing to rise to $3,000 and higher. Crypto analyst Titan of Crypto said that the current value of the weekly Stochastic Relative Strength Indicator (Stocking RSI) is 79, indicating that ETH "still has momentum to continue to move upwards." Analyst Chimp of the North said Ethereum's downside could be limited to $2,400. It also said Ethereum may continue to pull back, retesting the $2,400 support level, and then rising again, with a target range of $3,000 to $3,300.