{"id":72817,"date":"2026-05-20T17:56:44","date_gmt":"2026-05-20T17:56:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethereum-retests-2100-but-could-eth-crash-amid-technical-breakdown\/"},"modified":"2026-05-20T17:56:44","modified_gmt":"2026-05-20T17:56:44","slug":"ethereum-retests-2100-but-could-eth-crash-amid-technical-breakdown","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethereum-retests-2100-but-could-eth-crash-amid-technical-breakdown\/","title":{"rendered":"Ethereum retests $2,100, but could ETH crash amid technical breakdown?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ethereum-price-decline-market-volatility-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ethereum-price-decline-market-volatility-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ethereum-price-decline-market-volatility-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ethereum-price-decline-market-volatility-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Ethereum is testing the $2,140 level after an intraweek low near $2,070.<\/li>\n<li>A technical breakdown raises the risk of a sharp decline to $1,350, CryptoQuant notes.<\/li>\n<li>Bullish catalysts could include regulatory clarity and continued institutional demand.<\/li>\n<\/ul>\n<p data-start=\"0\" data-end=\"155\">Ethereum (ETH) briefly traded back above the $2,100 level on Wednesday after gaining about 1% over the past 24 hours as Bitcoin reclaimed the $77,200 mark.<\/p>\n<p data-start=\"157\" data-end=\"274\">While the rebound offered some relief for bulls, the altcoin remains under pressure following a sharp weekly decline.<\/p>\n<p data-start=\"276\" data-end=\"433\">Technical indicators continue pointing to elevated downside risk, with some analysts warning that ETH could face a deeper correction toward the $1,350 level.<\/p>\n<h2>Ethereum price today<\/h2>\n<p>Market data during the US session on Wednesday showed Ethereum testing the $2,140 zone after rebounding from intraweek lows near $2,070.<\/p>\n<p>The rebound followed several sessions of heavy selling, although ETH remains well below recent swing highs.<\/p>\n<p>Ethereum is currently trading nearly 7% lower for the week and roughly 28% lower year to date.<\/p>\n<p>The Relative Strength Index (RSI) is hovering near oversold territory, which may suggest conditions for a short-term relief bounce.<\/p>\n<p>However, ETH continues trading below all major moving averages on the daily chart, signaling that bearish momentum remains dominant.<\/p>\n<h2>Could ETH fall to $1,350 after a bearish breakdown?<\/h2>\n<p data-start=\"1128\" data-end=\"1240\">One of the primary concerns for bulls is Ethereum\u2019s breakdown below the support trendline of a triangle pattern.<\/p>\n<p data-start=\"1242\" data-end=\"1411\">The latest sell-off confirmed the structural breakdown on the daily chart, raising concerns that price action could mirror a similar technical failure earlier this year.<\/p>\n<p data-start=\"1413\" data-end=\"1645\">At the time, Ethereum\u2019s price declined sharply from the $2,800\u2013$3,000 range, falling roughly 35% over several days in February. If similar market conditions develop again, analysts warn that selling pressure could intensify further.<\/p>\n<p>Analysts at CryptoQuant highlighted the downside risk in a recent market note.<\/p>\n<blockquote>\n<p>\u201cIf Ethereum fails to reclaim the broken triangle structure, selling pressure could accelerate further, and price may target the $1,350 support level,\u201d CryptoQuant author and analyst Pelin Ay <a href=\"https:\/\/x.com\/i\/status\/2057079582700757440\" target=\"_blank\" rel=\"noopener\">wrote<\/a>.<\/p>\n<\/blockquote>\n<p>Macro conditions and weakening market flows have also added pressure to Ethereum\u2019s price outlook.<\/p>\n<figure id=\"attachment_364916\" aria-describedby=\"caption-attachment-364916\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-364916\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/05\/20260520_184305.jpg\" alt=\"Ethereum Price Chart \" width=\"679\" height=\"269\"\/><figcaption id=\"caption-attachment-364916\" class=\"wp-caption-text\">Ethereum price could crash to $1,350. Chart by CryptoQuant<\/figcaption><\/figure>\n<p data-start=\"2026\" data-end=\"2246\">Ethereum\u2019s recent weakness has tracked Bitcoin\u2019s broader lack of momentum, with BTC slipping toward the $76,000 area in recent sessions.<\/p>\n<p data-start=\"2026\" data-end=\"2246\">Meanwhile, spot Ethereum ETFs have recorded seven consecutive days of net outflows.<\/p>\n<p data-start=\"2248\" data-end=\"2374\">Persistent outflows have increased concerns that the recent technical breakdown could develop into a more prolonged downtrend.<\/p>\n<h2>Contrasting views and potential support levels<\/h2>\n<p>Not all market participants remain bearish on Ethereum\u2019s longer-term outlook.<\/p>\n<p>Bitmine\u2019s Tom Lee said the recent pullback could represent a \u201cbuy low\u201d opportunity, particularly as Bitmine\u2019s treasury holdings now exceed 4.37% of Ethereum\u2019s circulating supply.<\/p>\n<p>Some bullish investors continue pointing to longer-term catalysts, including stablecoin growth on Ethereum, increasing staking adoption, and expanding interest in tokenized real-world assets (RWA).<\/p>\n<p>Market participants are also monitoring regulatory developments that could influence broader institutional adoption trends over time.<\/p>\n<p>In the near term, traders will closely watch whether buyers can push ETH back above the $2,200\u2013$2,400 resistance zone.<\/p>\n<p>Failure to reclaim that range could expose the token to another decline below $2,000, with some analysts identifying $1,350 as a possible downside target.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ethereum-retests-2100-but-could-eth-crash-amid-technical-breakdown\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ethereum is testing the $2,140 level after an intraweek low near $2,070. A technical breakdown raises the risk of a sharp decline to $1,350, CryptoQuant notes. Bullish catalysts could include regulatory clarity and continued institutional demand. Ethereum (ETH) briefly traded back [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":72818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72817"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72817"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72818"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}