Ethereum Price Struggles Below Key Resistance as Bearish Pressure Builds

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 market. Bulls also failed to maintain support above the 50-day moving average, which is another bearish signal for Ethereum’s price action. This inability to hold gains reflects weak market participation and limited buying confidence.

Technical indicators continue to favor caution. Ethereum has been forming lower highs, which typically points to a bearish continuation pattern rather than a sustainable recovery. Trading volume remains inconsistent, while the Relative Strength Index (RSI) is hovering in the low-50 range, suggesting fading momentum instead of strong breakout strength.

The 50-day moving average is now a critical support level to watch. If ETH closes decisively below it, bearish pressure could accelerate and potentially push the price back toward the March lows. On the upside, Ethereum must reclaim the descending resistance trendline and successfully flip the 100-day moving average into support before a true bullish reversal can be confirmed.

Compared to Bitcoin, Ethereum currently appears technically weaker because it failed to even challenge the 200-day moving average before sellers regained control. Unless buying momentum improves significantly, every short-term rally could continue to form another lower high within the broader downtrend affecting the cryptocurrency market.