Ethereum Price Forecast: Bankless Founders Sold Their ETH — Here’s What the Chart Signals Next

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Ethereum was trading at $2,104 on May 25, holding slightly above the lower trendline of its channel after a 12% pullback from early May highs. Negative sentiment, ETF outflows, and high-profile $ETH sales continue to pressure a chart that currently lacks a clear bottom below $2,078.

Daily $ETH Chart: Channel Support Is All That Stands Between Here and $1,900

$ETH Daily Price Action (Source: TradingView)

Price is pressing against the lower boundary of the ascending channel that has contained Ethereum’s range since the February lows. All four EMAs remain above the current price: the 20 EMA sits at $2,181, the 50 EMA at $2,221, the 100 EMA at $2,297, and the 200 EMA at $2,528. The Supertrend indicator is positioned at $2,319, well above spot price. Every short-term moving average is pointing downward.

The lower trendline of the channel held into the close, but the May 23 dip to $2,078 showed how close $ETH came to a full breakdown. A daily close below this level opens the March support cluster between $2,017 and $2,022, while failure there would bring $1,908 back into play.

Key Levels:

• Resistance: $2,181 (20 EMA), $2,221 (50 EMA), $2,319 (Supertrend)
• Support: $2,078 (channel low), $2,017 (March structure), $1,908 (March low)

Hourly $ETH Chart: Downtrend Remains Intact, MACD Attempts a Turn

$ETH Hourly Price Action (Source: TradingView)

The hourly chart shows a clean descending trendline stretching from the May 11 high near $2,390 to the current price around $2,106. Every recovery attempt has been sold into, with the $2,160 area acting as the latest rejection zone after liquidity was swept below $2,000 on May 23.

The hourly MACD is showing early signs of a bullish crossover, with the signal line at 0.35 and the MACD line at 0.77. While notable, this is not enough to confirm a reversal while price remains inside the descending channel. A breakout and close above $2,160 would mark the first meaningful structural shift.

Why $ETH Sentiment Turned Negative So Quickly

📉 Ethereum sentiment has flipped hard, and retail has jumped from crypto’s #2 market cap quickly. ETF outflows, Foundation exits, slowing network growth, and nonstop bearish narratives have traders questioning $ETH like never before. Here’s our take. 👇https://t.co/RDpVPbdIZs pic.twitter.com/y7JPlcZEPK

— Santiment Intelligence (@SantimentData) May 22, 2026

Analytics platform Santiment reported that Ethereum’s social sentiment deteriorated sharply in May, with bullish-to-bearish commentary ratios collapsing toward parity as frustration replaced optimism. The firm pointed to a convergence of low prices, ETF outflows, and leadership instability.

Bankless co-founders Ryan Sean Adams and David Hoffman confirmed that they sold their remaining $ETH holdings, with Adams citing the end of Bankless’s first era. Although Adams added that he remains personally bullish on Ethereum, Santiment noted that the move reinforced growing concerns that long-time supporters are losing conviction.

In recent weeks, several Ethereum Foundation researchers and contributors have also left the organization, adding to worries about the network’s strategic direction.

$ETH Derivatives: Long Positions Take Heavy Losses While Open Interest Stalls

$ETH Derivatives Analysis (Source: Coinglass)

Futures volume dropped 31.23% to $32.69 billion, while open interest declined only 0.37% to $31.56 billion. Falling volume alongside nearly unchanged OI suggests traders are reducing activity rather than building new directional exposure.

Long liquidations reached $50.87 million over the past 24 hours versus just $10.57 million for shorts, indicating bears are currently dominating the futures market.

The Binance long/short ratio stands at 2.453, meaning more accounts continue holding long positions despite the downtrend, leaving room for additional liquidation pressure if $2,078 breaks.

$ETH Price Forecast for May 26

Bullish scenario: Holding above $2,078 on the daily close and reclaiming $2,160 would open the path toward the 20 EMA at $2,181 and then the 50 EMA near $2,221.

Bearish scenario: A daily close below $2,078 initially targets the March structure between $2,017 and $2,022, while the worst-case scenario points toward $1,908 if that support zone fails.

See also: "Cardano Price Forecast: Hoskinson Takes Control as ADA Wedge Approaches Its Limit"

#Forecast #Ethereum (ETH) #key levels

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