Ethereum outlook: ETH holds $2,120 while testing the 100-day MA and $2,000

Ethereum started the final week of May trading near $2,120, sitting just under the 100-day moving average after briefly regaining it in late April before losing it again during May’s drop. The setup highlights $2,000 as the key floor, with $2.2k as the area that would confirm a sustained reclaim of the moving average. Derivatives sentiment shows funding back positive at +0.005, suggesting long positioning is rebuilding while price remains near support.