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#GateSquareMayTradingShare $ETH *Ethereum (ETH) May 8, 2026*
Ethereum today corrected to *$2,280.98*, down 2.17% in 24 hours with a range of $2,265.61 - $2,346.89. ETH briefly touched Rp39,605,383, the lowest level at Rp40,737,293 and the highest at Rp39,430,882. ETH's market capitalization is at $286.09 billion with a daily volume down 5% to Rp371.42 trillion.
Technically, the 8-hour chart forms an _inverse head-and-shoulders_ pattern since April, indicating a potential _reversal_. Selling pressure has dropped 85%, opening up a _bounce_ opportunity. Strong support level at $2,315, nearest resistance at $2,340 - $2,346. MACD shows a _golden cross_, but the price is still below the pivot of $2,331.