Ethereum continues to trade below key dynamic resistance, with the 100DMA (~$2.5K) and 200DMA (~$3.1K) both sloping downward—keeping the broader trend under pressure.
The recent push into the $2.4K supply zone was rejected cleanly, confirming it as a strong resistance cluster aligned with a bearish order block. Price structure still shows lower highs, and the descending channel remains intact.
As long as ETH stays below $2.4K, downside risk persists, with $1.8K standing out as the next key level to watch.
The recent push into the $2.4K supply zone was rejected cleanly, confirming it as a strong resistance cluster aligned with a bearish order block. Price structure still shows lower highs, and the descending channel remains intact.
As long as ETH stays below $2.4K, downside risk persists, with $1.8K standing out as the next key level to watch.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.