May 23, 2026 ETH Technical Analysis

Current price and market structure (09:58)

Current price: 2118 USDT, 24-hour oscillating downward, range 2092–2156

• Daily chart: Weak downward trend continues, price remains under pressure below the 50/100-day moving averages, bearish alignment strengthens; the 200-day moving average support remains intact, the overall trend is not fully broken, indicating a medium-term deep correction

• 4-hour chart: After oscillating downward, weak consolidation at low levels, rebound momentum has completely faded, moving averages are in a bearish alignment, resistance layers are stacked above, trend closely linked to BTC's weak movement

Key price levels

Resistance levels

1. First resistance: 2145–2155 (4-hour midline + intraday strong resistance)

2. Second resistance: 2180–2190 (daily Bollinger midline + bull-bear dividing line)

3. Strong resistance: 2250 (weekly key resistance)

Support levels

1. First support: 2100–2090 (intraday core defense)

2. Second support: 2050–2040 (daily strong support zone)

3. Strong support: 2000 (psychological + structural trend lifeline)

Technical indicators

• MACD: Daily chart shows increasing green bars below zero line, bearish momentum continues; 4-hour red bars disappear, bearish signals strengthen

• RSI(14): 35, neutral leaning bearish, close to oversold edge, downward momentum not fully exhausted

• Bollinger Bands: Daily opening downward, midline continues to press down, lower band support gradually shifts lower

• Volume: Rebound with decreasing volume, decline with increasing volume, buying pressure severely lacking, following the market trend weakening

Intraday trend forecast

Overall oscillation is weak, with rebounds facing resistance and falling back, operating range 2090–2155:

1. Rebound faces resistance below 2155, likely to fall back to test 2100–2090

2. If effectively breaking below 2090, bearish continuation, further decline to 2050–2000

3. If stabilizing above 2190, breaking short-term weakness, attempt to test 2250 upward

Short-term trading ideas

• Bearish: Short at 2145–2155, stop loss at 2185, target 2105–2090

• Bullish: Stabilize at 2090–2100 with light positions, stop loss at 2060, target 2140–2155

• Breakout response: Short if breaking below 2090; go long if stabilizing above 2190