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.
ETHUSDT
Perp
2,049.42
+2.34%