Ethereum: Drops Below $2000 on Weak 4H Momentum

Ethereum slipped back under $2000 at $1985.2 on May 28 2026, extending the bearish structure that has dominated the past six months.

Price trades beneath both the EMA50 at $2104.13 and EMA200 at $2202.87, confirming sustained downside control after repeated rejections at the 200-day average earlier this year.

With RSI(14) at 25.34 in oversold territory and MACD locked in a death cross at -20.68, momentum remains firmly negative. The pair now tests the lower Bollinger Band support near $2016.18 while the upper band at $2154.85 caps any relief rally, setting up a high-probability retest of the $1950 zone before buyers can stabilize the move.