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?
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?