# Ethereum slides near $2,100 as bearish sentiment hits record low

**Published:** 2026-05-20T15:00:18.000Z  
**Topic:** Ethereum  
**Sentiment:** bearish  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/e7f7d0e2-b897-4c8e-988d-2a154bd49198

Ethereum price hovers just above $2,100, Taker Buy‑Sell Ratio at 0.91 and RSI oversold signal raise short‑squeeze risk.

Ethereum is trading a few dollars above the $2,100 support line, after a 9% drop over the past week that left it stuck between $1,500 and $4,000 [1]. The Binance Taker Buy‑Sell Ratio fell to 0.91 on the weekly chart, the most bearish reading since the 2023 bear market, indicating sellers are out‑pacing buyers [1]. Darkfost of CryptoQuant highlighted this shift, noting that the ratio’s design captures short‑term momentum and now points to aggressive sell orders dominating futures order books [1].  

On‑chain data analyst On‑Chain Mind added that Ethereum’s weekly Velocity RSI has plunged into deeply oversold territory, a condition that historically precedes relief rallies and has marked strong dollar‑cost‑averaging opportunities over the past seven years [1]. At the same time, technical indicators show weakening trend strength: the ADX slipped to 20.83, below the 25 threshold that signals a robust trend, while the +DI dropped to 17 and the –DI rose to 26.22, suggesting bearish pressure is gaining ground [3]. The RSI now sits at 46.2, back in neutral range after briefly flirting with overbought levels, underscoring fading bullish momentum [3].  

These metrics converge on a market that is both fragile and primed for volatility. With sentiment heavily skewed short, a sudden short‑squeeze could trigger a rapid price swing, but the current oversold RSI also hints at a potential rebound if buying interest resurfaces. Traders are watching key resistance at $2,679; a break above could flip the EMA trend bullish and push ETH toward $2,790, while a failure would likely test support at $2,479 and possibly drive the price toward $2,326 [3].  

The real question is whether the confluence of record bearish sentiment, oversold momentum, and tight technical ranges will culminate in a short‑squeeze‑driven rally or deepen the decline toward lower support zones.

## Sources
1. Bitcoinist — [Are Ethereum Investors Losing Faith? Market Mood Shifts Deep ...](https://bitcoinist.com/ethereum-market-mood-shifts/)
2. Vivideconomics — [Are Ethereum Investors Losing Faith? Market Mood Shifts Deep ...](https://vivideconomics.com/crypto-news/ethereum/ethereum-investors-bearish-market-mood-shifts/)
3. BeInCrypto — [Ethereum (ETH) Price Risks Losing Key Support as Bearish ...](https://beincrypto.com/ethereum-price-slides-bearish-pressure-intensifies/)
4. Gate — [Why Is Ethereum Falling? ETH Price Drop Analysis Below $2,200 ...](https://www.gate.com/learn/articles/why-is-ethereum-falling-in-depth-analysis-of-the-drop-below-2200-and-market-trends/16240)

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Cite as: TrendWatcher, "Ethereum slides near $2,100 as bearish sentiment hits record low", https://www.trendwatcher.in/article/e7f7d0e2-b897-4c8e-988d-2a154bd49198