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, strengthening the bearish alignment; the 200-day moving average support remains intact, the overall trend has not fully deteriorated, indicating a medium-term deep correction
• 4-Hour Chart: After oscillating downward, weak consolidation at low levels, momentum for rebound has completely diminished, moving averages show a bearish alignment, resistance layers above are pressing down, the trend is highly correlated with 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 watershed)
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 below zero line with increasing green bars, bearish momentum continues to release; 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 chart 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, weakening in line with the overall market trend
Intraday Trend Prediction
Overall oscillation leaning weak, rebound faces resistance and pulls back, trading range 2090–2155:
1. Rebound faces resistance below 2155, likely to fall back to test 2100–2090
2. Effective break below 2090, bearish continuation, further decline to 2050–2000
3. Stabilize above 2190, break short-term weakness, attempt to test 2250 upward
Short-term Trading Strategy
• Bearish: Short at 2145–2155, stop loss at 2185, target 2105–2090
• Bullish: Stabilize at 2090–2100 with small position, stop loss at 2060, target 2140–2155
• Breakout response: Break below 2090 to follow the trend and short; stabilize above 2190 to follow the trend and go long