Ethereum Price Prediction: Is Sub-$2K Inevitable for ETH After Losing the 100-Day MA?

Ethereum remains under persistent selling pressure after failing to reclaim key resistance zones, with recent price action pointing to weakening bullish momentum and a growing probability of deeper retracement. The market is now testing critical support levels that could determine ETH’s next major move.

Ethereum Price Analysis: The Daily Chart

Ethereum has extended its corrective phase after repeated failures to sustain momentum above the $2.3K–$2.4K resistance region. The asset recently lost the 100-day moving average near $2.15K and is now hovering around the lower boundary of the broader ascending channel at the $2K area, signaling increasing bearish dominance in the medium term.