$ETH is currently under selling pressure and trading around $2,250–$2,275 after failing multiple times to break above the $2,400 resistance level. Short-term momentum remains bearish, with technical indicators showing weak buying strength.
The key support zone is between $2,200 and $2,240. If ETH drops below this area, the price could fall further toward $2,175. On the other hand, if buyers push the price back above $2,320,
$ETH could recover toward $2,420 and higher.
Recent liquidations on exchanges like Binance show that many leveraged traders were forced out of the market, which may lead to temporary sideways movement. Despite weak price action, on-chain data and steady ETF activity from firms like BlackRock suggest that long-term interest in Ethereum remains strong.
Reached by 👉 Varoon K Jeswani
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