Ethereum tested $2,000+ in May 2026 but couldn't sustain it. This psychological level concentrates sell orders and algorithmic resistance. Breaking it with volume signals institutional conviction and opens path to $2,100-$2,200.
CPI comes in soft. Bitcoin sustains $65K. ETH inflows persist. $2,000 breaks on volume. Target: $2,100 within 2 weeks. This is the altcoin season kickoff trade, assuming Fed cuts rates in September.
Hot CPI reverses ETF inflows. Bitcoin falls to $62.5K. Ethereum revisits $1,800 support. Outflows accelerate. This scenario plays out over 2-3 days if inflation data surprises to the upside.
Resistance: $2,000 (critical), $2,100, $2,200. Support: $1,900, $1,800 (major), $1,700 (capitulation). Volume profile shows weakness at $1,900-$1,950—expect profit-taking there on any bounce.
Don't chase $2,000. Wait for CPI release (8:30 AM ET). If soft, nibble into weakness. If hot, set buys at $1,800. Bitcoin leads, Ethereum follows—let Bitcoin break $65K first. Patience beats FOMO here.
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