Ethereum: Rejected off the Bear Market Resistance Band

Benjamin Cowen · 21 May 2026, 03:08 UTC · 17:13 · Watch on YouTube

As of 3 Nov 2026, 11:31 UTC. Updated hourly as new videos are read.

ETH near publication: $2,1294-hour candle close · 21 May 2026, 00:00 UTC · ETH/USDT

On Ethereum

Changed since their last video: weeks went from leaning down to expecting down; months flipped down to up.

Next weeks (next 2–6 weeks): Expects down: I think the next move for Ethereum is to come down here to the lows of April of 2025. ▶ 15:19 The call was right: 2.13k when said, 1.71k on 20 Jun 2026 (−19.6%).
Next months (next 2–6 months): Leans up (timeframe is our reading): So, maybe you get a sizable rally by Ethereum a little bit later on. ▶ 13:25 The call was right: 2.13k when said, 2.45k on 18 Sep 2026 (+14.9%).

If Ethereum drops to the lower part of the regression band without clear signs of a recession, then no target given (next months): If Ethereum were to drop down here to the lower part of the regression band and there's not really clear signs of a recession, then I might start to expect some big countertrend move off of that level. ▶ 05:20
If Bitcoin returns to 60k with the ETH Bitcoin ratio in a downtrend, then no target given (next weeks): So if Bitcoin were to return to 60k with the ETH Bitcoin ratio in a downtrend you could have Ethereum going down here to the April 2025 low while Bitcoin could still be around 60k. ▶ 10:47

Their own position: Not said.

Bank of Japan rate hike, undated: potentially about to raise rates again in June.