Ethereum Price Prediction: How Low Can ETH Go If $2K Support Decisively Cracks?

Ethereum remains under pressure after failing to reclaim a major resistance cluster. The price is now hovering around a key long-term support zone. The broader structure suggests sellers still dominate the market, while weakening demand from US investors adds another layer of caution.

Ethereum Price Analysis: The Daily Chart

On the weekly timeframe, ETH has extended its rejection from the major horizontal resistance region around $2.4K. This zone has repeatedly acted as a pivotal level throughout the current cycle and has once again capped upside momentum. The rejection has pushed the asset back toward the ascending trendline that has supported the market since the 2022 bear market bottom.