ETHEREUM Weekly: The Floor Became a Ceiling at 2,214Ethereum / TetherUSBINANCE:ETHUSDTTrade-LeanLast week Ethereum lost the floor it had defended for two weeks. Now that same line, 2,214, sits above price. The weekly candle closed at 2,127 after a drop to 2,060 on the final night. Two weeks of wicks under 2,214 got bought back. The third one did not. That puts ETH in quarterly bearish territory for the first time this quarter. Down here price usually grinds lower in slow, choppy steps, and rallies tend to stall under the line they broke. That is what the bearish case looks for this week: bounces that fail at or below 2,214. The bearish case Below 2,214 the next line on the weekly chart is 1,998. A first touch of 1,998 usually gets bought, and a bounce back into the shaded zone around 2,160 is the more common next step from there, so expect this to be a grind rather than a slide. This is still a correction inside the bigger uptrend that started in August, when ETH ran from 1,872 to 2,547 in a week. The bearish case is about the next few weeks, not the cycle. Invalidation A weekly close back above 2,214 ends it and puts ETH back in neutral territory. Daily chart updates will follow in the comments.