#Ethereum is under serious selling pressure, and $2,000 is now a level worth watching. One major concern is institutional demand. US spot Ethereum ETFs recorded $365.28 million in outflows last week, extending the withdrawal streak to six consecutive weeks. Technically, $ETH has also lost the $2,199 support level and remains below its 50-day and 200-day moving averages. Here is what I am watching: $2,000: Key support zone. $2,262: First resistance to reclaim. $2,318–$2,370: Major resistance area. If buyers fail to defend $2,000, further downside could follow. But a recovery above $2,262 would be an early sign that buyers are returning. One thing to remember: falling prices don't automatically mean an asset has lost its long-term value. For now, patience and confirmation matter more than trying to catch the bottom. Would you buy ETH at $2,000, or wait for a confirmed recovery?