Ethereum traded near $2,100 on May 26, according to crypto.news price data.
summary
- Ethereum is hovering near $2,100 as traders saw support at $2,000 and resistance at $2,400 again this week.
- Vitalik Buterin said the Ethereum Foundation will sell smaller amounts of Ethereum under its leaner plan in the long term.
- Ali Martinez warned that a weekly close below $1,850 could open lower accumulation levels for Ethereum in the future.
Meanwhile, the token fell 0.12% over 24 hours and 1.7% over seven days. The 24-hour trading volume reached $9.72 billion, while the market value reached $253.25 billion.
The same data showed Ethereum moving between $2,080 and $2,140 during the day. This kept ETH near the broader $2,000-$2,100 support area that traders have seen since the recent pullback.
Short-term indicators are still showing weak momentum. The Great Oscillator was negative at -153.30, which means sellers are still in control of the current trend. Chaikin’s fund flow was also negative at -0.04, indicating moderate capital outflow rather than strong accumulation.
Trading volume was near 46.84K on the chart, which looked moderate compared to previous sell-off highs. This means that the downward movement 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 increase 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 setting to Buterin’s comments about the future role of the Ethereum Foundation.
Ditto I mentioned By crypto.news Buterin said the Ethereum Foundation will prioritize long-term survival over broader activity. He also said that the foundation will sell smaller amounts of Ethereum as it narrows its scope around privacy, security, openness, and the protocol’s core goals.
Buterin said the institution owns about 0.16% of the total supply of ETH. He also described the Ethereum Foundation as part of the broader Ethereum ecosystem, rather than the center of the network.
The message is important because Ethereum traders watched the fundamental treasury movements closely throughout May. The organization withdrew 21,270 ETH from the Lido stake and sold 10,000 ETH to BitMine on May 1 at an average price of $2,292.
Analysts are monitoring the support at $1,850 and the resistance at $2,400
Ali Martinez said that Ethereum failed to reclaim the middle range of a multi-year structure, which is also in line with the 200-week simple moving average. From this point of view, the most important level is $1850.
The analyst warned that a weekly close below $1,850 could open the way towards $1,560, followed by a deeper move near $1,070. These levels are framed as potential accumulation areas, not as a reason to chase short positions.
Ali also pegged $1,850 as a pricing range of 0.8 MVRV. The analyst said that Ethereum has not typically stayed below this range for long in past sessions. Based on this view, weakness below $1,850 could create a phased average cost setup.
Planned levels included an allocation of 20% at $1,850, 20% at $1,560, 20% at $1,230, 30% at $1,080, and 10% at $830. Bullish invalidation levels were also evident: Ethereum would need to reclaim the 200-week SMA near $2,500, then break above the 50-week SMA near $3,100.
As reported by crypto.news, so is Ethereum Face it Resistance near $2,400 earlier this month. This report said that sell walls around $2,400 kept the upside limited, while $2,200 remained a major bearish area at the time.
Low volatility leaves ETH waiting for a trend
CryptoQuant Analyst Arabic Series He said The 30-day Ethereum Volatility Index on Binance fell near 0.30, its lowest level since 2023, while Ethereum traded near $2,100.
Low volatility does not confirm an upward or downward movement. It often shows that traders are waiting for a clearer signal before adding risk. After long lulls, stronger moves can quickly return when volume and liquidity rise again.
CW also said that Coinbase whales formed a short-term sell wall near $2,400. The analyst said that these whales were exerting pressure, but they were not actually selling. This keeps the $2400 area important for any recovery attempt.
A clean move above $2,400 would weaken the sell wall setup and highlight $2,500. This would also match Ali Martinez’s first bullish catalyst near the 200-week SMA.
If Ethereum loses $2,000, traders may turn their attention back to $1,850. A weekly close below this level would reinforce the bearish technical case and highlight lower accumulation levels.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
