$ETH : Ethereum Price Analysis: ETH Must Reclaim These Levels to Reverse Bearish Momentum
-
Ethereum is struggling to regain momentum after a failed breakout attempt earlier this week sent the price back toward $2.2K.
• With ETH now trading around $2.25K, buyers are defending a short-term support level that could decide whether the market stabilizes or extends its correction.
• Meanwhile, network activity between user wallets has dropped sharply from its mid-2026 highs, offering little sign of renewed demand.
• Ethereum Price Analysis: The Daily Chart Ethereum’s daily chart shows the asset breaking below the ascending channel that carried the price higher from the June lows near $1.5K.
• After topping out close to $2.8K in late September, ETH declined through the channel’s midpoint and eventually lost its lower boundary in late October.
-
© CryptoPotato
-
Ethereum is struggling to regain momentum after a failed breakout attempt earlier this week sent the price back toward $2.2K.
• With ETH now trading around $2.25K, buyers are defending a short-term support level that could decide whether the market stabilizes or extends its correction.
• Meanwhile, network activity between user wallets has dropped sharply from its mid-2026 highs, offering little sign of renewed demand.
• Ethereum Price Analysis: The Daily Chart Ethereum’s daily chart shows the asset breaking below the ascending channel that carried the price higher from the June lows near $1.5K.
• After topping out close to $2.8K in late September, ETH declined through the channel’s midpoint and eventually lost its lower boundary in late October.
-
© CryptoPotato
