Ethereum Price Analysis: ETH Crashes 10% Weekly – How Low Can It Go?

Ethereum’s prolonged consolidation beneath resistance has pushed the asset lower, sending it toward $2.42K. The breakdown has weakened short-term structure, while the broader recovery now depends on buyers defending the support areas below. Ethereum Price Analysis: The Daily Chart On the daily timeframe, Ethereum has fallen sharply after repeatedly failing to clear the $2.68K–$2.77K resistance zone. The large bearish candle marks a departure from the recent consolidation, suggesting that sellers have gained control of the immediate price action. Momentum has also deteriorated, with the daily RSI dropping to approximately 44 and moving below neutral. Nevertheless, Ethereum remains above both major moving averages. The 100-day average, near $2.21K, has already crossed above the 200-day average around $2.13K, preserving a constructive longer-term backdrop despite the current correction. The highlighted $2.36K–$2.42K demand zone is the next major daily support area. The ascending trendline approaches this region, creating a potential confluence where buyers may attempt to stabilize the price. Holding this area would keep the broader recovery structure intact, while a sustained breakdow...