Ethereum - Is another sell-off likely now after ETH falls below the realized price and its 200WMA?
Since March, Ethereum [ETH] bulls have struggled to breach the $2,400-resistance level. While Bitcoin [BTC] was able to climb above key psychological resistances at $70K and $80K, ETH was unable to muster similar momentum and climb to $2,700-$2,900 levels. Source: Glassnode A look at the higher timeframe moving averages showcases the bearish ETH trend, as the price was below the 200DMA and 200WMA. The latter, in particular, is a notable demarcator of long-term trends and has acted as both support and resistance numerous times. Though the 111DMA at $2,186 is expected to serve as support, the trend has been bearish since September 2025. Source: CryptoQuant The bearish price trend seemed to be at odds with the long-term market conviction. For instance – According to CryptoQuant analyst Rei Researcher, Ethereum Total Value Staked has been rising since the beginning of 2026. Now, this trend has slowed down in May as users restructured portfolios or likely withdrew funds for liquidity. Nevertheless, the rising trend this year indicated long-term conviction, despite the lacklustre price performance. No second wind for the bullsSource: AliCharts on X Additionally, in a post on X, analyst Ali Martinez noted that the TD Sequential indicator flashed a sell signal for ETH. In the past, weekly signals from









