Ethereum has dropped to its lowest point in May on the back of a macro shock, but the monthly structure that has held every significant low since 2020 remains intact above current price.

Two analysts are pointing at the same copper chart this week, but they are measuring different things, and the gap between those measurements may determine when altcoins move.

Ethereum is holding its long-term ascending trendline from 2022 on the monthly chart, but the MA 50 above price remains the obstacle that could decide everything.

HBAR is at $0.09315 on the daily, down 2.9% on the session, after the largest volume candle in weeks drove a breakout from the $0.08000 lows toward $0.09731, and the daily RSI at 54.96 and MA structure below current price suggest the pullback is short-term noise against a structure that is still building.

Three on-chain signals converged on XRP in the past 24 hours: volume hit its highest Z-Score reading since February, whale accumulation ended, and spot buyers turned aggressive. XRP is at $1.4579, RSI at 58.89, and the momentum window is still open.

USDC active addresses dropped 40% between March 21 and April 23, 2026, recovered partially to 145,114 by May 8, and the supply and exchange reserve data as of May 12 adds a specific layer of context: total supply has contracted to 54.4B while exchange reserves sit at 14.7B, near their lowest level since early April.