ETH CME Ether Futures Weekly Chart Analysis: 2026-May-04 07:04 CT

Price Action

Last: 2459.4,
Bars: Medium,
Mom: average.

WSFG Weekly

Short-Term
WSFG Current: 3%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month May

Intermediate-Term
MSFG Current: 9%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: -25%
F0%/NTZ' Bias: Price Below,
YSFG Trend: Down.

Swing Pivots

(Short-Term) 1. Pvt. Trend: UTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt High 2485.5,
4. Pvt. Next: Pvt Low 1926.5,
5. Levels R: 5658.0, 5220.0, 5023.5, 2485.5,
6. Levels S: 1771.0, 1607.0.

Weekly Benchmarks

(Short-Term) 5 Day: 2289.0 Down Trend,
(Short-Term) 10 Day: 2169.0 Down Trend,
(Intermediate-Term) 20 Day: 2459.5 Down Trend,
(Intermediate-Term) 55 Day: 2897.5 Down Trend,
(Long-Term) 100 Day: 3149.0 Down Trend,
(Long-Term) 200 Day: 2908.0 Down Trend.

Recent Trade Signals

04 May 2026: Long ETH 05-26 @ 2380 Signals.USAR-WSFG
04 May 2026: Long ETH 05-26 @ 2380 Signals.USAR-MSFG
01 May 2026: Long ETH 05-26 @ 2320.5 Signals.USAR.TR120

Overall Rating

Short-Term: Bullish,
Intermediate-Term: Bullish,
Long-Term: Bearish.

Key Insights Summary

Weekly ETH futures are pressing back into a recovery phase after a large 2025-2026 drawdown, with price reclaiming the mid-2400s area and holding above the weekly and monthly session fib midlines. Short-term structure is constructive, supported by UTrend pivots and fresh long signals from WSFG and MSFG, while the yearly framework remains below its NTZ and still points to a broader downtrend. The tape is transitioning from a sharp selloff into a rebound/consolidation sequence, with the last major pivot high at 2485.5 acting as the immediate reference point and the higher resistance stack clustered at 5023.5, 5220.0, and 5658.0. Benchmarks remain mixed-to-soft on the higher timeframe, reflecting that the longer cycle has not fully reversed yet, but the current weekly swing tone is firmer than the long-term backdrop.