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ETHUSD is showing signs of weakness on the H4 timeframe after being rejected from the 2,395–2,420 USD resistance zone. The RSI near 38 reflects bearish-leaning momentum, while the 2,240–2,260 USD area has become a key support zone to monitor. If this zone holds, ETH may stage a technical rebound toward 2,300–2,330 USD; otherwise, selling pressure could extend toward 2,200–2,180 USD.
On the H4 timeframe, ETHUSD is showing clear weakness after failing to break through the 2,395–2,420 USD resistance zone. This area has repeatedly triggered selling pressure and is also located just below the larger supply zone around 2,430–2,460 USD. Therefore, the sharp rejection from this region suggests that buying momentum is still not strong enough to confirm a sustainable breakout.
ETHUSD’s failure at the 2,395–2,420 USD zone shows that buying momentum remains insufficient to break through the upper supply area. In the short term, if the price does not reclaim the 2,300–2,330 USD region soon, the risk of a retest of the 2,240–2,260 USD support zone will continue to increase.
Following the latest decline, ETH is currently trading around 2,287 USD, while the H4 RSI is hovering near 38, indicating that momentum is leaning toward the bearish side. However, the RSI has not yet reached deeply oversold territory, meaning that downside pressure may still have room to extend if the price fails to reclaim nearby resistance levels soon.
The key support zone to watch now lies around 2,260–2,240 USD, which aligns with the demand area that previously helped ETH rebound in late April. If the price continues to decline and retests this zone, the market reaction there will be important. If 2,240–2,260 USD holds, ETH may stage a technical rebound toward 2,300–2,330 USD. Conversely, a break below 2,240 USD could extend selling pressure toward the deeper support area around 2,200–2,180 USD.
Overall, ETHUSD’s H4 structure is currently leaning toward a short-term corrective decline after failing at the upper supply zone. Buyers need to push the price back above 2,330 USD, followed by 2,360–2,380 USD, to ease the current selling pressure. Meanwhile, if ETH continues to trade below the EMA area and fails to recover above 2,300–2,330 USD, the scenario of a retest of the 2,240–2,260 USD support zone should remain the priority to monitor.
08.05.2026
ETHUSD
(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)
Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.
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Linh Tran
Market Analyst
Linh Tran is a member of the Market Analysis team at XS.com, holding a Master’s degree and with experience in the financial markets since 2018. She focuses on macroeconomic analysis, central bank policies, and multi-asset markets including forex, commodities, equities, and cryptocurrencies, delivering structured and data-driven market insights.
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