Ethereum Price Bounce Looks Fragile, Another Selloff May Be Brewing
By Aayush Jindal | 2026-05-20 03:08:35 | 4 months ago
Ethereum price started a recovery wave above the $2,100 zone.
ETH is now consolidating and might struggle to continue higher above the $2,150 resistance.
Ethereum started a recovery wave from the $2,075 zone.
The price is trading below $2,120 and the 100-hourly Simple Moving Average.
There is a bearish trend line forming with resistance at $2,120 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh decline if it stays below the $2,150 zone.
Ethereum Price Faces Hurdles Ethereum price remained bid above the $2,050 support zone, like Bitcoin .
ETH price formed a base and started a recovery wave above the $2,065 resistance.
The price surpassed the 38.2% Fib retracement level of the downward move from the $2,197 swing high to the $2,075 swing low.
The bulls even pushed the price toward $2,150 but the bears remained active.
Besides, there is a bearish trend line forming with resistance at $2,120 on the hourly chart of ETH/USD.
Ethereum price is now trading below $2,120 and the 100-hourly Simple Moving Average .
If the bulls remain in action above $2,075, the price could attempt another increase.
Immediate resistance is seen near the $2,120 level.
The first key resistance is near the $2,150 level or the 61.8% Fib retracement level of the downward move from the $2,197 swing high to the $2,075 swing low.
The next major resistance is near the $2,200 level.
A clear move above the $2,200 resistance might send the price toward the $2,220 resistance.
An upside break above the $2,220 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,300 resistance zone or even $2,315 in the near term.
More Losses In ETH? If Ethereum fails to clear the $2,150 resistance, it could start a fresh decline.
Initial support on the downside is near the $2,085 level.
The first major support sits near the $2,075 zone.
A clear move below the $2,075 support might push the price toward the $2,020 support.
Any more losses might send the price toward the $2,000 region.
The main support could be $1,940.
Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $2,050 Major Resistance Level – $2,150
ETH is now consolidating and might struggle to continue higher above the $2,150 resistance.
Ethereum started a recovery wave from the $2,075 zone.
The price is trading below $2,120 and the 100-hourly Simple Moving Average.
There is a bearish trend line forming with resistance at $2,120 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh decline if it stays below the $2,150 zone.
Ethereum Price Faces Hurdles Ethereum price remained bid above the $2,050 support zone, like Bitcoin .
ETH price formed a base and started a recovery wave above the $2,065 resistance.
The price surpassed the 38.2% Fib retracement level of the downward move from the $2,197 swing high to the $2,075 swing low.
The bulls even pushed the price toward $2,150 but the bears remained active.
Besides, there is a bearish trend line forming with resistance at $2,120 on the hourly chart of ETH/USD.
Ethereum price is now trading below $2,120 and the 100-hourly Simple Moving Average .
If the bulls remain in action above $2,075, the price could attempt another increase.
Immediate resistance is seen near the $2,120 level.
The first key resistance is near the $2,150 level or the 61.8% Fib retracement level of the downward move from the $2,197 swing high to the $2,075 swing low.
The next major resistance is near the $2,200 level.
A clear move above the $2,200 resistance might send the price toward the $2,220 resistance.
An upside break above the $2,220 region might call for more gains in the coming days.
In the stated case, Ether could rise toward the $2,300 resistance zone or even $2,315 in the near term.
More Losses In ETH? If Ethereum fails to clear the $2,150 resistance, it could start a fresh decline.
Initial support on the downside is near the $2,085 level.
The first major support sits near the $2,075 zone.
A clear move below the $2,075 support might push the price toward the $2,020 support.
Any more losses might send the price toward the $2,000 region.
The main support could be $1,940.
Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $2,050 Major Resistance Level – $2,150
keywords : ETH|ethbtc|ethereum|ethusd|ETHUSDT
sentiment : NEUTRAL
category data : BTC | ETH | EXCHANGE | TRADING | CRYPTOCURRENCY