Ethereum trades at $2132.15  at the time of writing,posting over a 5.08% drop over the past seven days. Ethereum remains under pressure after falling below the key $2.2k support zone, with prices trading near $2,132 following a sharp weekly decline.

Weak momentum, declining volume, and continued selling pressure suggest the market is still struggling to establish a stable recovery trend.

Source:Coinmarketcap

Ethereum Price Analysis: The Daily Chart

The recovery trend from February’s low is weakening as the asset breaks below the lower boundary of its ascending daily channel for the first time since the rebound began. The 100-day moving average near $2.2k has also been lost on a daily closing basis, signaling growing bearish pressure.

Momentum indicators continue to deteriorate, with the RSI falling below 40  its weakest level since February’s sharp sell-off while no clear bottom formation has emerged yet.

Attention is now shifting toward the $1.8k demand zone, which previously acted as the key support during February’s decline. On the upside, the former support around the $2.2k 100-day moving average has now turned into immediate resistance.

A sustained recovery above the $2.2k level is needed to indicate the current breakdown may be a temporary fakeout rather than the start of a deeper structural reversal.

Source:Cryptopotato

Ethereum Slides Into Critical Zone Amid Persistent Bearish Pressure

Ethereum remains trapped in a weak and fragile recovery despite short-term upward movement. Strong institutional selling pressure and ongoing fundamental weakness continue to weigh heavily on price action, keeping the broader market structure bearish.

Analysts still see the risk of a major decline toward the $1,000 level before a true bear market bottom forms. Although multiple bullish divergence signals have appeared on the 4-hour chart, they have so far failed to generate strong buying momentum or confirm a lasting reversal.

Source:X

Sentiment Analysis

The Taker Buy/Sell Ratio continues to trend higher, maintaining steady readings above 1 throughout the past month, signaling increased activity from aggressive buyers in the market.

Despite this growing taker buy pressure, the market still remains within a broader bearish trend and sideways range. In previous market cycles, similar spikes have frequently emerged near short-term tops or temporary relief rallies instead of signaling the start of a lasting bullish reversal.

This indicates that the recent improvement in sentiment may be fueled more by speculative trading activity.If Ethereum fails to break above the critical $2.4k resistance level in the near term, the growing buildup of leveraged long positions could quickly unwind, triggering heightened downside volatility and potentially extending the broader bearish market structure.

Source:Cryptopotato