Crypto Circle Liying: 5.23 Ethereum (ETH) Latest Market Analysis and Trading Recommendations

　　Article Published on 2026.5.23-----00:30

　　Family! Before this article was published, the current price of Ethereum was 2120. From the chart, it can be seen that the price has dropped from the previous high of 2422, falling to a low of 2074 before barely stabilizing, and is now hovering around 2120. It’s like a person rolling down a mountain, who finally finds a stone halfway up to lean against and take a breath. The current market situation is very critical, like a crossroads, where it will either continue to decline or take a breather and rebound, all depending on the upcoming performance. For us retail investors, such moments test our mindset the most; we are afraid of buying at the bottom and falling halfway, but also fear missing out on a rebound. Don’t worry, let’s carefully analyze the technical aspects and find the nuances within.

　　The current situation is still bearish, but there are signs of a stop in the decline. First, looking at the moving average system, although the EMA7 has flattened out, it is still suppressed below the EMA30 and EMA120, especially that purple long-term moving average, which looms like a big knife over our heads, indicating that the overall trend is still dominated by bears. Next, looking at the MACD, bullish momentum has begun to appear, but it is not strong enough, indicating insufficient support for a rebound. Finally, examining the Bollinger Bands, the price is currently operating between the middle and lower bands, with support near the lower band at 2113, but there is also significant pressure near the upper band at 2147. Overall, this is a typical weak consolidation pattern after a decline.

　　Short-term Reference:

　　If trading in the range of 2110-2090, exit if it breaks below 2060, with a target of 2140 aiming for above 2150.

　　If trading in the range of 2145-2155, exit if it breaks above 2170, with a target of 2110 aiming for below 2080.

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　　The content of this article is timely and for reference only; risks are to be borne by yourself.

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