Ethereum: Structural Rejection Fuels Bearish Scenarios

Ethereum and Bitcoin are both coming off major structural rejections according to trader Keith Alan of KA Productions, whose latest clip breaks down the most bullish and bearish scenarios for ETH and BTC.

Material Indicators highlighted the livestream segment on May 15 2026, directing followers to Alan's detailed article covering precise technical targets for both assets over the past six months of consolidation.

Price action on the 4h chart shows Ethereum at $2219.81 trading inside the Bollinger Bands with lower support at $2211.35 and upper resistance at $2320.65. The EMA50 at $2289.9 and EMA200 at $2273.16 cap upside in a confirmed bearish trend, while the MACD death cross at -18.85 and RSI at 35.62 indicate sellers retain control. A healthy retracement toward the 50-EMA support appears probable before any continuation attempt, aligning with the broader rejection structure observed across BTC and ETH pairs.