Ethereum Price Analysis: The Daily Chart

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Ethereum Price Analysis: The Daily ChartEthereum / TetherUSBINANCE:ETHUSDTCryptoSanders9563Ethereum continues to trade below key dynamic resistance, with the 100DMA (~$2.5K) and 200DMA (~$3.1K) both sloping downward—keeping the broader trend under pressure. The recent push into the $2.4K supply zone was rejected cleanly, confirming it as a strong resistance cluster aligned with a bearish order block. Price structure still shows lower highs, and the descending channel remains intact. As long as ETH stays below $2.4K, downside risk persists, with $1.8K standing out as the next key level to watch.