Hi Traders! Ethereum short term forecast follow-up and update is here. On May 26th, 2026 I shared this “Forex Market Analysis & Day Trading Opportunity | Ethereum | 26 May 2026” post in our blog. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Home Trader Club. Spoiler alert – free memberships are available!
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My Idea
On the H1 chart, we have a strong bearish momentum and also currently it looks like a pullback is happening and there are no signs opposing this short term bearish view. So everything looks good for the bears here as well. In addition to this, we have three key resistance zones that has formed based on the volume profile zones of the KTLI indicator and the Triple B Pro pivot levels. Until these three key resistance zones shown in the image below (marked in red) holds my short term view remains bearish here and I expect the price to move lower further after retraces.
In Ethereum based on the above-mentioned analysis my short-term view was bearish and until the three key resistance zones hold I was expecting the price to move lower further after retraces. The price action followed my analysis exactly as I expected it to here. After the strong bearish move the price which was moving higher reached the first key resistance zone, respected it and provided a fantastic move to the downside!
You can see this move clearly on the H4 chart below.
On the H1 chart, the market provided us with facts supporting the bearish view. The price which was moving inside a triangle pattern, broke below the bottom of it. We may consider this as fact provided by the market supporting the bearish view and also there we no signs opposing this bearish view. Then as you can see in the image below how the price moved lower further and provided a fantastic move to the downside!
As traders we always have two choices, the first one is to fall in love with our analysis and try to convince the market and expect the price to move in the direction as per our wish. The second one is to follow the facts that the market provides us and make the right actions according to that. As you know the first option won’t help us and as you can see in the example above what happened when we followed the facts that the market hinted to us and took the right action according to that.
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Happy Trading!
Arvinth Akash
Home Trader Club Team.
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