Price Trend:
• $ETH is in a downward/corrective phase, having recently dropped toward ~$2,000–$2,300 amid broader crypto selloff and liquidations.
• Technical momentum remains bearish to neutral with selling pressure dominating near current levels.
Key Levels:
• Support: ~$1,900–$2,000 — this is a critical floor zone.
• Resistance: ~$2,300–$2,700 — upside faces hurdles before any sustained rebound.
Short-Term Bias:
• Neutral-Bearish: Price is under pressure and trending lower, but oversold conditions could prompt short bounces.
• Bullish Break Needed: Clear break above ~$2,300–$2,700 before any medium-term advance.
Bottom Line: ETH is holding key support but remains weak in the short term. Buyers need a breakout above resistance to flip the trend positive again.
