ETHEREUM BREAKS BELOW $2,100 - WEAKER THAN BITCOIN
Ethereum has broken below the critical $2,100 support level, currently trading at approximately $2,062 to $2,064, representing a decline of roughly 3.1% over 24 hours .
Ethereum's market capitalization now sits near $248.9 billion, and its steeper decline relative to Bitcoin fits the typical large-cap follower pattern where ETH amplifies Bitcoin's directional moves without the extreme swings of smaller tokens . The ETH/BTC pair has come under sustained pressure, reflecting Ethereum's ongoing underperformance against the market leader.
Technical analysis shows that Ethereum has traded below the 200-day moving average for months, with that average sloping down around the mid-$2,500 range . The 50-day and 100-day averages have stayed below the 200-day level, reflecting bearish stacking of moving averages. Ethereum now sits near a key support zone at $2,100 to $2,150. If that area breaks, the chart points back toward the $2,000 psychological level and potentially lower supports formed after previous capitulation events .