*ETH/USDT Daily Chart Analysis – May 22, 2026*
*Current Price:* $2,118.45
*Pair:* ETH/USDT Binance, 1 Day timeframe
1. *What Pattern Is Forming?*
ETH has been forming an *Ascending Triangle* on the chart since February 2026. The price has been making higher lows on each dip and has been rejected by resistance above $2,400.
Three things are marked on the chart:
- *Entry Zone*: Trendline support around $2,100
- *Stop Zone*: The area between $1,923 and $2,085 in red
- *Breakout Target*: A breakout of $2,400 could lead to a move to $2,800–$2,860
2. *Important Levels*
- *Resistance*: $2,400 – This is the breakout level. If the daily close is above this, the up move will be confirmed.
- *Support*: $2,085 and $1,923. As long as $2,085 holds, the structure will remain bullish.
- *Target*: First target $2,600, then $2,860
3. *What to Expect Now*
Price is being squeezed at the end of the triangle. It's normal for volume to decrease during consolidation. The chart shows a "Breakout" zone, meaning the expectation is that a bullish move will occur once $2,400 is broken.
If ETH closes above $2,400 with volume, it could reach $2,800–$2,860 by July-August.
If rejected, a retest of the trendline could occur around $2,100.
4. *Risk Note*
This is technical analysis only, not financial advice. Crypto is volatile. Always place stop losses and manage risk. If the daily close is below $2,085, this bullish setup will be canceled.
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*Bias:* Bullish if the daily close is above $2,400
*Invalidate:* Bearish if the daily close is below $2,085
I will update if ETH breaks $2,400. Are you holding ETH?
*Current Price:* $2,118.45
*Pair:* ETH/USDT Binance, 1 Day timeframe
1. *What Pattern Is Forming?*
ETH has been forming an *Ascending Triangle* on the chart since February 2026. The price has been making higher lows on each dip and has been rejected by resistance above $2,400.
Three things are marked on the chart:
- *Entry Zone*: Trendline support around $2,100
- *Stop Zone*: The area between $1,923 and $2,085 in red
- *Breakout Target*: A breakout of $2,400 could lead to a move to $2,800–$2,860
2. *Important Levels*
- *Resistance*: $2,400 – This is the breakout level. If the daily close is above this, the up move will be confirmed.
- *Support*: $2,085 and $1,923. As long as $2,085 holds, the structure will remain bullish.
- *Target*: First target $2,600, then $2,860
3. *What to Expect Now*
Price is being squeezed at the end of the triangle. It's normal for volume to decrease during consolidation. The chart shows a "Breakout" zone, meaning the expectation is that a bullish move will occur once $2,400 is broken.
If ETH closes above $2,400 with volume, it could reach $2,800–$2,860 by July-August.
If rejected, a retest of the trendline could occur around $2,100.
4. *Risk Note*
This is technical analysis only, not financial advice. Crypto is volatile. Always place stop losses and manage risk. If the daily close is below $2,085, this bullish setup will be canceled.
---
*Bias:* Bullish if the daily close is above $2,400
*Invalidate:* Bearish if the daily close is below $2,085
I will update if ETH breaks $2,400. Are you holding ETH?