Ethereum tests $2,000 area as $2,051 Fib support holds on May 23, 2026

On May 23, 2026, Ethereum traded at $2,066 after dipping to $2,009 and reclaiming the Fibonacci 0.786 level at $2,051 on a closing basis. The decline from the $2,465 peak has pushed ETH through multiple Fib zones, while RSI sits at 31.60 and key moving averages remain above price. If $2,000 breaks, the next chart-marked level is $1,938.80, with $1,900 and $1,740 cited as additional downside references.