I took a look at the ETH charts and honestly, the situation isn't really improving. The price is oscillating around 2.32k right now, but the structure remains quite fragile. We've missed the resistance at 2.4$ several times now, and each rejection makes things a bit more complicated for buyers.



What worries me is that an Ethereum fall seems very possible if we lose the support at 2k. I studied the moving averages on the daily (100 and 200 days ), and both are trending downward, acting as a major resistance above the price. The overall structure shows decreasing highs, so the general trend is still downward. If we break 2k, the next logical target would be 1.8k.

On the 4-hour chart, it's the same. The upward channel we had collapsed, and the RSI has weakened. An Ethereum fall to 1.8k becomes very likely if sellers really take control.

What complicates things is the leverage that has accumulated in the system. It makes the market more fragile and increases the risk of sudden moves. There’s also no truly convincing spot demand, so sentiment remains unstable. Definitely something to watch closely.
ETH-3.52%
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