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Published: 28 May 2026,08:23
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ETH, H4:
Ethereum has been trading within a clear lower-high and lower-low price structure since reaching its May peak, with the cryptocurrency declining by more than 16% during the period. This sustained deterioration in price action suggests that ETH remains under strong bearish momentum, with sellers continuing to dominate the near-term market direction.
The prevailing downtrend reflects weakening market sentiment and persistent downside pressure, as the cryptocurrency struggles to establish meaningful recovery momentum.
ETH is now approaching a critical technical level near its previous low around $2,008. A decisive break below this support would reinforce the bearish continuation scenario and confirm further weakness in the broader market structure.
Should this breakdown occur, ETH could become vulnerable to an extension of the current sell-off, potentially opening the path toward the next downside target near the $1,950 region in the near term.
Overall, the technical outlook remains bearish unless Ethereum is able to stabilize above key support levels and reclaim important resistance zones that could signal a reversal in momentum.
Resistance Levels: 77,860.00, 79,415.00
Support Levels: 74,340.00, 71,700.00
GBPUSD, H4
GBP/USD has confirmed a bearish technical setup after breaking below its previous low near the 1.3400 level, following a downside move beneath the short-term trend support line. This breakdown signals a deterioration in the pair’s market structure and suggests that selling pressure is continuing to intensify.
The move below both the prior low and the trend support line reinforces the bearish outlook, indicating that momentum has shifted further in favor of sellers. Such price action often reflects weakening buyer confidence and increases the likelihood of additional downside continuation in the near term.
Momentum indicators also support the negative bias. The Relative Strength Index (RSI) continues to edge lower, reflecting strengthening downside momentum, while the Moving Average Convergence Divergence (MACD) is crossing below the zero line, signaling an acceleration in bearish momentum and confirming the prevailing downward trend.
Resistance Levels: 1.3455, 1.3550
Support Levels: 1.3363, 1.3283
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