Ethereum Price Analysis: Is $2K in Play as Bearish Sentiment Builds?

Ethereum’s failed rebound has given way to renewed selling, leaving the price near $2.37K and below its broader ascending channel. With futures taker activity also shifting toward sell dominance, the bearish continuation scenario remains favored unless buyers reclaim nearby resistance. Ethereum Price Analysis: The Daily Chart On the daily timeframe, Ethereum has broken beneath the ascending channel’s lower boundary after its latest recovery stalled inside the $2.44K–$2.52K supply zone. The subsequent bearish candles suggest that the rebound offered sellers another opportunity to reduce exposure, while buyers have struggled to restore the previous structure.

Source: CryptoPotato