Ethereum (ETH) is once again showing signs of weakness after failing to break above a major resistance zone. The latest rejection near the descending trendline on the daily chart has raised concerns among traders who were expecting a stronger bullish breakout in May 2026. Despite a brief recovery in April that helped Ethereum build short-term momentum, the asset remains trapped below the important 100-day and 200-day moving averages. The rejection from resistance came almost perfectly at the upper boundary of the current downtrend structure, signaling that sellers are still in control of the… Read more
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