Unbanked founder sells ETH — what the chart shows next

Ethereum is trading at $2,104 as of May 25, barely above the lower trendline of the channel after falling 12% from its early May highs due to negative sentiment, ETF outflows, and high profile. $ETH Selling pressure is increasing on a chart that does not have a clean bottom below $2,078.

$ETH Daily chart: Channel support is the only thing between here and $1,900

The price is approaching the lower end of the ascending channel that has contained Ethereum’s range since the February lows. All four EMAs are currently above the price, with the 20 EMA at $2,181, the 50 EMA at $2,221, the 100 EMA at $2,297, and the 200 EMA at $2,528. The Supertrend indicator is at $2,319, which is quite an overhead. All short-term averages are downward.

The channel’s lower trendline is holding at its closing price, but the rally to $2,078 on May 23rd shows how close it is. $ETH I ended up losing it completely. A daily close below this level then opens the March support cluster between $2,017 and $2,022, where a failure would put $1,908 back into play.

Main level:

• Resistance: $2,181 (20 EMA), $2,221 (50 EMA), $2,319 (Supertrend)
• Support: $2,078 (channel low), $2,017 (March structure), $1,908 (March low)

$ETH Hourly chart: downtrend remains, MACD tries to reverse

The hourly chart shows a clean downtrend line extending from the May 11 high of around $2,390 to the current price of about $2,106. After liquidity fell below $2,000 on May 23rd, the $2,160 zone served as the most recent rejection point and every attempt at recovery has been sold off.

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The hourly MACD is showing early signs of a bullish cross with the signal line at 0.35 and the MACD line at 0.77. This is noteworthy, but not enough to call a reversal while the price remains within the descending channel. A close above $2,160 would mark the first real structural change.

why $ETH Emotions turned negative so quickly

Analytics platform Santiment warned that Ethereum’s social sentiment deteriorated sharply over May, with dissatisfaction replacing optimism and the ratio of bullish to bearish comments collapsing towards parity. The firm pointed to a story of poor price performance, ETF outflows, and management instability as a simultaneous story.

Bankless co-founders Ryan Sean Adams and David Hoffman confirm they have sold their remaining shares. $ETH Mr. Adams cited the end of the first bankless era. Adams added that he remains personally bullish. $ETHSantiment noted that the move reinforced the sense that longtime supporters were losing faith. Several Ethereum Foundation researchers and contributors have also left the organization in recent weeks, raising concerns about its strategic direction.

$ETH Derivatives: Longs suffer heavy losses, but OI hardly moves.

Futures trading volume decreased by 31.23% to $32.69 billion, and open interest decreased by just 0.37% to $31.56 billion. A collapse in volume while OI remains flat means traders are reducing activity rather than building new positions in either direction. The bears are clearly winning the futures battle at the moment, with long liquidations reaching $50.87 million and short liquidations reaching $10.57 million in 24 hours.

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Binance’s long/short ratio is 2.453, meaning that more accounts are holding long despite the downtrend, leaving plenty of fuel for further liquidation cascades should it break below $2,078.

$ETH Price prediction for May 26th

• Upside: Holding $2,078 on a closing price basis and regaining $2,160 will start moving towards the 20 EMA at $2,181 and then towards $2,221 where the 50 EMA is located.
• Downside: A daily close below $2,078 would first target the March structure between $2,017 and $2,022, with a worst-case scenario of $1,908 if that zone fails.