Ethereum Holds 2022 Uptrend as 50-Period MA at $2,419.73 Caps Recovery

On 12 May 2026 at 19:51, Ethereum continued to hold a long-term ascending trendline that began in 2022 on the monthly chart, a structure that has repeatedly produced higher lows after major selloffs. However, the 50-period moving average remains overhead resistance at $2,419.73, keeping the recovery attempt constrained while RSI stabilizes well below prior cycle overbought extremes.