Ethereum Price Prediction: Is ETH Setting Up for a Drop to the $1.8K Zone?
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Ethereum's recovery has weakened after repeated failures below the $2.4K major resistance, with the $2.3K–$2.4K supply zone repeatedly rejecting price on the daily timeframe. Bearish momentum is building as buyers fail to hold key support levels, signaling downside risk for ETH price and potential short-term impact on crypto market sentiment and DeFi activity.
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Ethereum’s recent recovery phase has weakened considerably after repeated failures beneath the $2.4K major resistance level. The latest price action suggests bearish momentum is gradually building, while buyers struggle to maintain control above important support regions.
Ethereum Price Analysis: The Daily Chart
On the daily timeframe, ETH has experienced a notable bearish rejection after multiple unsuccessful attempts to reclaim the key resistance zone around $2.3K-$2.4K. This region remains highly significant as it has acted as an important supply area where sellers continue to defend aggressively.
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$ 1.82K
+1.53%
$ 1.82K
+1.75%Predictions Markets
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In This News
Coins
$ 1.82K
+1.53%$ 1.82K
+1.75%Predictions Markets
See what traders are focused on
Share: