$ETH faces pressure after a rejection at $2800, as the price fell below $2700, bringing nearby levels back into focus.
Maintaining support of $2648 remains pivotal in the current landscape, while the 4-hour moving average stands near $2710 as an important monitoring zone.
Despite this pullback, the price remains above key moving averages, which keeps the likelihood of stabilization in play if support levels hold.
If the $2648 support is lost, the pullback range may widen; however, holding above the 4-hour average could restore momentum toward a new attempt.
So far, there isn’t enough confirmation about a decisive direction, and the move near $2700 remains dependent on price behavior at support and the moving average.
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