Ethereum ($ETH) is getting smacked back down every time it tries to push toward $2150.
That level is acting like a brick wall right now, and honestly, it makes total sense.
For the past couple of years, $2150 was one of the most solid support zones on the chart price bounced off it multiple times like it was glued there. Then it finally broke, flipped, and turned into strong resistance.
Those big role reversal levels don’t give up easily;
sellers show up aggressively whenever price gets close.
If ETH can actually close above $2150 convincingly and hold it, that would flip the script setting up a really nice long trade with tight stops just below the level. From there, it could open the door to a bigger macro move, targeting that next area around $2500–$2700 where we’d see a potential lower high in the overall structure.
But right now?
I’m still leaning bearish short term. Feels more likely we’re headed back to test those lower supports first before any real upside conviction builds.
Best approach is staying ready for either way got stops and levels marked on both sides. No point fighting the chart when it’s this clear about respecting that $2150 ceiling for now.