Ethereum CFD Hits Key Support as Bearish Divergence Grows
The Ethereum spot CFD against the US dollar has a crucial support level at $2,600-$2,650. This price range is significant due to its importance in determining the cryptocurrency's short-term trajectory. A stable Gas Used and high Priority Fees may push a retest of $2,700-$2,800, while Falling Priority Fees with lower Gas Used raises the risk of dropping below $2,600.
The daily chart for ETHUSD spot CFD shows higher highs in price but lower highs on the Relative Strength Index (RSI), indicating bearish divergence. This phenomenon often precedes a decline in prices. Furthermore, the daily trading volume has declined during this period, which is another negative sign for investors.
Historically, when Ethereum experienced a significant drawdown between October 2025 and April 2026, institutions either held or increased their allocations of ETHUSD spot CFDs. These holdings were not solely due to price declines but rather value-accrual doubts and regulatory shifts.