Ethereum traded near $2,100 on May 26, according to crypto.news price data.
Summary
- Ethereum hovered near $2,100 as traders watched $2,000 support and $2,400 resistance again this week.
- Vitalik Buterin said the Ethereum Foundation will sell less ETH under its leaner long-term plan.
- Ali Martinez warned a weekly close below $1,850 could open lower Ethereum accumulation tiers ahead.
Meanwhile, the token was down 0.12% over 24 hours and 1.7% over seven days. Its 24-hour trading volume stood at $9.72 billion, while market capitalization reached $253.25 billion.
The same data showed Ethereum moving between $2,080 and $2,140 during the day. That kept ETH close to the wider $2,000 to $2,100 support zone that traders have watched since the latest pullback.
Short-term indicators still show weak momentum. The Awesome Oscillator was negative at -153.30, meaning sellers still control the current trend. The Chaikin Money Flow was also slightly negative at -0.04, pointing to mild capital outflow rather than strong accumulation.
Volume stood near 46.84K on the chart, which looked moderate compared with earlier selloff spikes. That means the move lower has not yet shown clear panic selling. A recovery above $2,300 to $2,400 would improve the setup, while a loss of $2,000 would raise downside pressure.
Vitalik Buterin denies selling Ethereum
Ethereum co-founder Vitalik Buterin also became part of the market discussion after Ali Martinez posted a price analysis titled “I’m NOT selling Ethereum!” The post linked the price setup to Buterin’s comments about the Ethereum Foundation’s future role.
As previously reported by crypto.news, Buterin said the Ethereum Foundation will prioritize long-term survival over wider activity. He also said the foundation will sell less ETH as it narrows its work around privacy, security, openness, and core protocol goals.
Buterin said the foundation holds about 0.16% of the total ETH supply. He also described the Ethereum Foundation as one part of the wider Ethereum system, not the center of the network.
The message matters because Ethereum traders have watched foundation treasury moves closely throughout May. The foundation had withdrawn 21,270 ETH from Lido staking and sold 10,000 ETH to BitMine on May 1 at an average price of $2,292.
Analysts watch $1,850 support and $2,400 resistance
Ali Martinez said Ethereum has failed to reclaim the mid-range of a multi-year structure, which also aligned with the 200-week Simple Moving Average. In that view, the most important level is $1,850.
The analyst warned that a weekly close below $1,850 could open the way toward $1,560, followed by a deeper move near $1,070. Those levels were framed as potential accumulation zones, not as a reason to chase short positions.
Ali also linked $1,850 to the 0.8 MVRV pricing band. The analyst said Ethereum has not usually stayed below that band for long in past cycles. Based on that view, weakness below $1,850 could create a staged dollar-cost averaging setup.
The planned tiers included 20% allocation at $1,850, 20% at $1,560, 20% at $1,230, 30% at $1,080, and 10% at $830. The bullish invalidation levels were also clear: Ethereum would need to reclaim the 200-week SMA near $2,500, then break above the 50-week SMA around $3,100.
As reported by crypto.news, Ethereum also faced resistance near $2,400 earlier this month. That report said sell walls around $2,400 kept upside limited, while $2,200 remained a key downside area at the time.
Low volatility leaves ETH waiting for direction
CryptoQuant analyst Arab Chain said Ethereum’s 30-day volatility index on Binance had fallen near 0.30, its lowest level since 2023, while ETH traded near $2,100.
Low volatility does not confirm a bullish or bearish move. It often shows that traders are waiting for a clearer signal before adding risk. After long calm periods, stronger moves can return quickly when volume and liquidity rise again.
CW also said Coinbase whales had formed a short-term sell wall near $2,400. The analyst said those whales were applying pressure but were not actually selling. That keeps the $2,400 area important for any recovery attempt.
A clean move above $2,400 would weaken the sell-wall setup and bring $2,500 into focus. That would also match Ali Martinez’ first bullish trigger near the 200-week SMA.
If Ethereum loses $2,000, traders may shift attention back to $1,850. A weekly close below that level would strengthen the bearish technical case and bring lower accumulation tiers into view.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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