5.30 Saturday ETH midday outlook

During the midday session, Ethereum moved in tandem with Bitcoin, stabilizing and recovering from lows. After yesterday's geopolitical sentiment-driven sell-off, the bearish selling pressure was fully released, the market stopped falling and stabilized, with the current price fluctuating within the $2010‑$2030 range.
On the technical side, at the four-hour level, after the price tested the key support at $1965 and found strong support, indicators gradually recovered from deep oversold territory. The MACD bearish momentum continued to converge, showing a clear short-term rebound demand. A core support line is built at $1980‑$2000, with buying strength gradually increasing; the first major resistance is at $2060‑$2080. Once it stabilizes above this level, further upward recovery space will open.
This round of decline was driven by news-driven emotional sell-off, not a weakening of Ethereum's fundamentals. Staking deflation, ecological logic remain solid, and whale addresses continue to accumulate at low levels. The midday market mainly shows bottoming and oscillating with a slight bullish bias. As long as key support is maintained, it will follow the broader market to initiate an oversold rebound.
Trading suggestion: buy at $1985‑$1995
First target: $2015, second target: $2040$BTC $ETH $SOL