Ethereum is trying to stabilize in the range of $ 2,130–2,140 after the recent sales. The price is showing a weak outlook in the short term just after losing the $2,300 support. On the technical side, sellers remain dominant while the general structure of the market remains fragile. Although buyers are trying to keep the price at these levels, a strong recovery signal has not come yet.
Market outlook and technical indicators
While Ethereum is trading around $2,130 at its current price, seller pressure draws attention in short-term technical indicators. In TradingView’s summary evaluation, it is stated that moving averages create weighted pressure, while oscillators remain mostly neutral. After falling below the $2,300 threshold, the market’s focus shifted to the $2,080–2,130 support band. Volatility is expected to continue in the short term.
While the Ethereum price is at $2,129,494, there has been an increase of 0.56 percent in the last 24 hours. CryptoAppsy According to the current data reflected on the screens, price movements followed a fluctuating structure in the short term.
TD Sequential buy signal and expert reviews
An important technical development stands out on the 12-hour chart. The technical indicator called TD Sequential gave a buy signal with “9” at the level of $ 2,138. Crypto analyst Ali Martinez emphasized this technical signal in his social media post:
Ali Martinez stated that a buy signal appeared on the TD Sequential indicator for Ethereum and this may indicate a recovery in the short term.
In the past, this indicator has been prominent during periods when seller pressure begins to decrease. However, although weekly signals do not give a clear direction, a permanent recovery is not expected without breaking the resistance area between $ 2,200–2,300. Analysts emphasize that major resistance zones need to be overcome with volume again.
Whale movements and market structure
Recently, the position divergence between Ethereum’s large investors and small investors has attracted attention. According to CoinGlass data, the net position of large wallets defined as whales has moved into positive territory as of May 2026. While whales increase their Ethereum totals, retail investors remain more cautious. This divergence generally indicates upside potential in the market and has been seen in similar ways historically.
This whale-induced accumulation is also considered as a sign of taking an early position against the weak market sentiment in the short term.
Trend analysis and long-term outlook
With the technical breaks on the four-hour chart, the price’s recent highs and lows are gradually being pulled down. Experts state that the EMA34 and EMA89 moving averages cross downwards, which typically reflects bearish pressure and possible dispersion conditions. Price recovery attempts are being met with rapid selling pressure by the market for now.
In the long term, weekly charts show that Ethereum maintains its macro support around $1,740. While the rising channel structure continues, if this level is maintained above, there may be a basis for long-term positive scenarios. However, for the upward movements to continue, significant resistance and high transaction volume are essential.
- Attempts to recover in the short term are met with sales.
- The $2,150–2,180 band is watched as a strong resistance.
- If it declines below $2,080, the price could decline towards $2,000.
As a result, Ethereum’s volatile and directionless nature continues in the short term. On the long-term chart, maintaining macro support offers a promising structure for the price. Still, two-way risks are likely to remain until the market breaks through decisive levels.
