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#DailyPolymarketHotspot
Ethereum, as of May 28, 2026, broke a critical threshold, falling to the levels of \(\$1.974\) - \(\$1.985\) and testing below the psychological support of \(\$2.000\). Whether the price can hold at these levels or enter a deeper correction depends on liquidity flows in the market.
Current Market Situation and Expectations Causes of the Decline: Macroeconomic uncertainties in global markets, concerns over US regulations, and exits from spot Ethereum ETFs have turned the overall market consolidation negative.
By the end of May, general market expectations and technical forecasts for Ethereum indicate that the bearish (downward) trend is likely to remain dominant. With the price trapped in the \(\$1.970\) - \(\$2.010\) range as of May 28, there is no strong catalyst for a sharp upward breakout in the remaining days of the month.
📈 Upward Reaction and Resistance Levels
First Bull Resistance: For Ethereum to re-enter a safe zone after sales subside and a reaction begins, it needs to close above the \(\$2.133\) level.
Consolidation Possibility: It is also highly likely that in the last few days of May, the market will enter a sideways accumulation phase between \(\$1.950\) - \(\$2.050\) and wait for macroeconomic data in June.