Ethereum Faces Pressure Below Key Resistance

[nihalsari]

ETH/USDT on a one-day chart. Source: Cointelegraph/TradingView

Ethereum continues to struggle below the $2,150–$2,400 resistance range, with repeated rejections preventing a sustained breakout. This level has acted as a ceiling multiple times over the past two months, keeping price action compressed despite attempts by buyers to push higher.

If Ethereum fails to reclaim this range, downside risks increase. A break below the trendline could shift focus toward $1,900, and further weakness may expose levels near $1,736. Current liquidation data shows a larger concentration of long positions at risk on the downside, indicating potential pressure if support levels are breached.

[bonk]

long liquidations looming but somehow still bullish