May 29, 2026 ETH/USDT Technical Analysis

1. Overall Market Overview

ETH follows BTC downward, breaking below key psychological level of 2000 on the daily chart, entering a mid-term correction trend, with a confirmed bearish structure; on the 4-hour chart, it is in an oversold zone with slight technical rebounds, but the rebound strength is weak, with dense moving average resistance above. The intraday strategy is primarily to buy on dips and sell on rallies. The price movement is highly correlated with BTC, making independent trends unlikely.

2. Key Technical Indicator Interpretation

Daily Level

• RSI(14): Operating between 34-37, neutral leaning bearish, close to oversold edge, with declining momentum slowing down, only weak recovery space exists.

• MACD: Bearish crossover below zero line continues, green bars slightly shrinking, bearish momentum marginally weakening, no bullish crossover signals.

• Moving Averages: Price has broken below MA20, MA50, MA100, forming a complete bearish alignment, with short-term bullish structures fully invalidated.

• Bollinger Bands: Channel opening downward, price running close to the lower band, mainly consolidating in a low zone for short-term correction.

4-Hour Level

Price is below all short-term moving averages, indicating a bearish alignment; KDJ enters oversold zone, with slight rebound potential in the short term, but most rebounds are corrective and unlikely to reverse the bearish trend.

3. Key Support/Resistance Zones

Support Levels (from near to far)

1. 1960‑1970: Intraday first support, dense area of yesterday’s lows, holding this may trigger a weak rebound.

2. 1920‑1930: Daily strong support, core defense level in this correction, breaking below opens deeper downside space.

3. 1880‑1850: Medium-term strong support zone, if lost, correction target near 1800.

Resistance Levels (from near to far)

1. 2030‑2050: Intraday first strong resistance, breakout resistance, primary target for rebounds.

2. 2090‑2110: Daily MA50 resistance, reclaiming this zone is necessary to repair the short-term bearish structure.

3. 2150: The key level dividing bulls and bears, only above this can the correction trend be reversed.

4. Intraday Trend Projection

1. Optimistic Scenario (Lower Probability)
Hold 1960 support, rebound within range testing 2030‑2050 resistance, a volume breakout targets around 2090, but this is only a weak correction, not a trend reversal.

2. Neutral Scenario (Mainstream Market)
Narrow fluctuation between 1960‑2050, indicators gradually recover, awaiting BTC direction, no independent trend.

3. Pessimistic Scenario
Effective breakdown of 1960 support, second wave of bearish pressure, testing 1920 core support, with extreme case testing 1880.

5. Trading Strategy Reference

1. Short-term Long (Light Position)
Buy on dips around 1960‑1970 with small size, target 2030‑2050, stop loss below 1940, limited to short-term rebound trading.

2. Short-term Short (Conservative Approach)
Resist at 2030‑2050 rebound zone, establish short positions, target 1970‑1930, stop loss above 2070, buying on dips remains the best intraday strategy.

3. Medium to Long-term Approach
Remain cautious until above 2110, focus on the validity of 1920 support, and consider scaling into medium-long positions #股票交易挑战最高赢17000U if it holds.