Ethereum Drops as Traders Eye Move Toward Key Support
May 5, 2026

ETHUSD

Ethereum is trending lower and appears to be in a bearish impulse, with potential downside toward the 1300 area. A temporary recovery could unfold toward 2600 as part of a wave 4 correction before selling resumes. The broader structure suggests bears remain in control unless price reclaims key levels. A break below 2000 would likely confirm further weakness.

Become a premium member

Get daily Elliott Wave updates for US Single Stocks, SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.

Register For A Free 7 Day Trial

Elliott Wave Live

Strong US Jobs, Middle East Tensions and Key Inflation Data Ahead

Read More

Funded Trader Program

“Trade our money and collect the profits.”

Read More

Learn Elliott Waves

Access to more than 7 hours of educational material

Read More

Commodity

Crude Oil Breaking Higher, Room For $100

Read More

Do you find this interesting? Subscribe to our newsletter and stay up to date.

In our newsletter you will find all the news and macro reports about Forex, Crypto, Commodities and more. Don't miss a thing!



    DISCLAIMER

    Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

    The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

    Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

    By continuing to use the site, you agree to the use of cookies. Learn more.

    The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

    Close