May 23, 2026 ETH Technical Analysis Strategy



Current Price and Market Structure (10:00)

Current price: 2118 USDT, daily bearish trend strengthening, all moving averages aligned bearish; 4-hour rebound momentum completely exhausted, clear downtrend continuation pattern, overall oscillating weak, rebound to short, highly correlated with BTC.

Key Price Levels

Resistance Levels

1. First resistance: 2145–2155 (4-hour midline + intraday strong resistance)

2. Second resistance: 2180–2190 (daily Bollinger middle band + bull-bear dividing line)

3. Strong resistance: 2250 (weekly key resistance)

Support Levels

1. First support: 2100–2090 (intraday core defense)

2. Second support: 2050–2040 (daily strong support zone)

3. Strong support: 2000 (psychological + structural trend lifeline)

Technical Indicators

• MACD: Green bars expanding below the daily zero line, bearish momentum continues to release; 4-hour red bars disappear, strengthening bearish signals

• RSI(14): 35, neutral leaning bearish, close to oversold edge, downward momentum not fully exhausted

• Bollinger Bands: Daily opening downward, middle band continuously pressing down, lower band support gradually shifting lower

• Volume: Rebound with decreasing volume, decline with increasing volume, severe lack of buying power

Today’s Core Trading Strategy

1. Main Strategy: Rebound to short (priority)

• Entry: Short at resistance 2145–2155

• Stop Loss: 2185

• Take Profit 1: 2105–2090

• Take Profit 2: 2050–2040

2. Auxiliary Strategy: Short-term long at low levels (oversold attempt)

• Entry: Light long at stabilization 2090–2100

• Stop Loss: 2060

• Take Profit 1: 2140–2150

• Take Profit 2: 2175

3. Breakout Trend-following Strategy

• Upward breakout: Hold above 2190, retest 2160 for long, stop loss 2130, target 2230–2250

• Downward breakout: Break below 2090, rebound at 2110 for short, stop loss 2140, target 2050–2000

Position and Risk Control

• Total position ≤30%, strict control in weak market conditions

• Short positions ≤20%, long positions ≤10%, must set stop loss, no holding through losses, no averaging down
ETH-4.52%
BTC-3.41%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned