Ethereum (ETH) Price Prediction for May 26: ETH Slides Below $2,500 as Bears Pressure Rising Wedge Breakdown
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The Ethereum price today is trading around $2,478, down nearly 2% in the past 24 hours, as bearish pressure weighs on the recent breakout attempt above $2,540. Despite ETH holding above its May support zone last week, the latest candle formations and volume flow suggest renewed selling interest. The move has raised concerns over short-term downside risk, particularly as indicators align with a weakening momentum phase.
Ethereum Price Action: Breakdown Below $2,500 Triggers Bearish Reversal
The Ethereum price action has slipped below a key ascending trendline that had supported the rally from early May. On the 30-minute and 4-hour charts, ETH has now broken below the $2,500 threshold, creating a lower high formation below the $2,560 rejection zone.
The move confirms a potential breakdown from a rising wedge pattern, with sellers reclaiming control after multiple failed attempts to break $2,580. Red resistance zones between $2,560 and $2,600 are now acting as firm ceilings, while ETH eyes a retest of horizontal support at $2,445 and $2,420.
RSI and MACD Show Accelerating Bearish Momentum
The post Ethereum (ETH) Price Prediction for May 26: ETH Slides Below $2,500 as Bears Pressure Rising Wedge Breakdown appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction for May 26: ETH Slides Below $2,500 as Bears Pressure Rising Wedge Breakdown
Share:
The Ethereum price today is trading around $2,478, down nearly 2% in the past 24 hours, as bearish pressure weighs on the recent breakout attempt above $2,540. Despite ETH holding above its May support zone last week, the latest candle formations and volume flow suggest renewed selling interest. The move has raised concerns over short-term downside risk, particularly as indicators align with a weakening momentum phase.
Ethereum Price Action: Breakdown Below $2,500 Triggers Bearish Reversal
The Ethereum price action has slipped below a key ascending trendline that had supported the rally from early May. On the 30-minute and 4-hour charts, ETH has now broken below the $2,500 threshold, creating a lower high formation below the $2,560 rejection zone.
The move confirms a potential breakdown from a rising wedge pattern, with sellers reclaiming control after multiple failed attempts to break $2,580. Red resistance zones between $2,560 and $2,600 are now acting as firm ceilings, while ETH eyes a retest of horizontal support at $2,445 and $2,420.
RSI and MACD Show Accelerating Bearish Momentum
The post Ethereum (ETH) Price Prediction for May 26: ETH Slides Below $2,500 as Bears Pressure Rising Wedge Breakdown appeared first on Coin Edition.
In This News
Coins
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Coins
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Read More
Top Three Crypto Stocks to Watch Ahead of US CPI This Week