May 29, 2026 ETH/USDT Technical Analysis

I. Overall Market Overview
ETH follows BTC in breaking downwards together, effectively breaking below the key psychological level of 2000 on the daily chart, entering a mid-term correction trend, and establishing a bearish structure; on the 4-hour chart, it is in a low oversold zone, with a slight technical rebound correction, but the rebound strength is weak, with dense moving average resistance above. The intraday trend primarily aims for a rebound to sell high, with a high correlation to BTC, making independent movement difficult.
II. 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 correction space exists
• MACD: Bearish crossover below zero line continues, green bars slightly shrinking, bearish momentum marginally weakening, no bullish crossover reversal signal yet
• Moving Averages: Price breaks below MA20, MA50, MA100, forming a complete bearish arrangement, short-term bullish structure is completely invalidated
• Bollinger Bands: Channel opening downward, price running close to the lower band, mainly consolidating at low levels for short-term correction
4-Hour Level
Price is below all short-term moving averages, forming a bearish arrangement; KDJ enters oversold zone, with short-term potential for a slight rebound, but most rebounds are corrective and unlikely to reverse the bearish trend.
III. 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, the core defensive level in this correction, breaking below opens deeper downside space
3. 1880‑1850: Mid-term strong support zone, if lost, the correction target is around 1800
Resistance Levels (from near to far)
1. 2030‑2050: Intraday first strong resistance, a reverse resistance level, primary target for a rebound
2. 2090‑2110: Daily MA50 resistance, reclaiming this zone is necessary to repair the short-term bearish structure
3. 2150: The dividing line between bulls and bears, only stabilizing above this level can reverse the correction trend
IV. Intraday Trend Projection
1. Optimistic Scenario (lower probability)
Hold the 1960 support, oscillate and rebound to test the 2030‑2050 resistance, a volume breakout could target around 2090, but this is only a weak correction rebound, not a trend reversal.
2. Neutral Scenario (mainstream market)
Narrow oscillation between 1960‑2050, indicators gradually repairing, waiting for BTC’s direction choice, with no independent trending market.
3. Pessimistic Scenario
Effective breakdown below 1960 support, second wave of bearish pressure, testing the 1920 core support, with extreme cases testing the 1880 level.
V. Trading Strategy Reference
1. Short-term Long (light position speculation)
Lightly attempt long positions on pullback to 1960‑1970, target 2030‑2050, stop-loss below 1940, limited to short-term rebound speculation only.
2. Short-term Short (conservative approach)
Resist the rebound at 2030‑2050, establish short positions, target 1970‑1930, stop-loss above 2070, aiming for high-rebound shorting as the best intraday strategy.
3. Mid- to Long-term Approach
Stay cautious before breaking above 2110, focus on the effectiveness of 1920 support, and consider scaling into mid- to long-term longs if it #股票交易挑战最高赢17000U remains intact.