- Ethereum Price Expectations: Ethereum is recovering by $2,000, but momentum remains weak:

On the daily chart, ETH shows a short-term downtrend as the price stays below the 20, 50, and 100-day exponential moving averages (EMAs), which are clustered from around $2,122 to $2,281, reinforcing limited rebounds.

Momentum conditions are weak but stable, with the 14-day Relative Strength Index (RSI) hovering above the oversold zone near 34, and the Stochastic Oscillator slowly recovering from deep oversold readings.

On the downside, immediate support is observed at the horizontal level around $2,018. A clear break below this level would reveal the next demand zone near $1,909, followed by deeper support levels at $1,741, $1,524, and $1,404.

ETH/USDT Chart Analysis (Binance)
Daily chart of ETH/USDT
On the upside, initial resistance is at $2,107, followed by the 20-day Exponential Moving Average at $2,122, then the 50-day EMA near $2,186. Sustained movement above these levels is needed to ease the current bearish pressure and open the way toward $2,211, the 100-day EMA at $2,280, and higher horizontal barriers at $2,388, $2,746, and $3,411.
$ETH