Ethereum Price Analysis: ETH’s Double Rejection at $2K Spells More Trouble Ahead
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Ethereum has repeatedly failed to reclaim the 100-day moving average near $1.95K, with recent rejections and bearish daily candles signaling fading buying momentum. This raises the probability of a broader pullback if key support levels break, creating short-term downside risk for ETH price, token performance and DeFi trading across DEX and CEX venues.
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After several failed attempts to extend its recovery, Ethereum is beginning to show signs of exhaustion beneath the major100-day MA. The latest rejection from this zone has weakened short-term momentum and increases the probability of a broader pullback if key support levels fail to hold.
Ethereum Price Analysis: The Daily Chart
On the daily timeframe, ETH’s outlook is gradually shifting toward a bearish bias after multiple failed attempts to reclaim the 100-day moving average. The repeated rejection from this dynamic resistance around $1.95K, combined with the emergence of bearish daily candles, suggests buyers are losing momentum.
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$ 1.85K
-0.86%
$ 1.86K
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In This News
Coins
$ 1.85K
-0.86%$ 1.86K
-0.50%Predictions Markets
See what traders are focused on
Share:
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Ethereum Price Analysis: ETH Holds Key Support but Bullish Momentum Fades
