Ethereum Price Today: ETH Drops to $2,336 After Failing at $2,400 – Bears Are Back in Charge
Ethereum Ethereum Price Today: ETH Drops to $2,336 After Failing at $2,400 – Bears Are Back in Charge Ethereum is trading near $2,336 on May 7, 2026, and the chart is not pretty. Unlike Bitcoin, which managed to reclaim its session open after a pullback, ETH has spent most of the last 24 hours in the red with no convincing recovery in sight yet. The session opened at $2,370.5, ran to a high near $2,400 in the early hours, then sold off in a straight line for the better part of the day. By early morning on May 7, ETH was near a session low of $2,318. The bounce since then has been weak, with price sitting at $2,336 and still well below the opening level. This is a different session from BTC. Bitcoin at least came back. ETH has not. What the Chart Says The sell-off started around 4:00 PM yesterday and barely paused through the overnight hours. No sharp capitulation, no obvious panic flush. Just consistent selling pressure that grinded ETH lower hour by hour. The session high near $2,400 is where things went wrong. That level has been a ceiling for ETH multiple times in recent weeks. The 200-day moving average sits at $2,367,