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Ethereum breaks key support, bearish signals point to potential drop toward $1,350

Technical Signals
20 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Ethereum's price has fallen below a crucial triangle pattern, signaling a shift toward bearish momentum. Short-term moving averages have crossed below long-term averages, confirming growing selling pressure. Large liquidations of leveraged long positions on Binance add further downward pressure. If Ethereum cannot reclaim the broken triangle boundary soon, the price may continue to decline toward the important $1,350 support level, which traders are closely watching.

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