Ethereum (ETH) is currently exhibiting a bearish near-term structure, consolidating around the $2,040–$2,070 range after a sharp weekly pullback of roughly 13% to 15%.

• Key Resistance Levels. Immediate upside resistance sits near $2,100, followed by a stronger barrier around $2,189–$2,204. Bulls need a high-volume reclaim of the $2,300–$2,355 zone to invalidate the bearish structure and shift momentum back toward $2,500.
• Key Support Levels. Immediate psychological support rests at $2,000 (with technical support aligned near $1,971–$2,016). A sustained breakdown below this floor could expose ETH to a deeper retracement toward $1,828–$1,850.
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