Ethereum Price Analysis: What’s the Worst-Case Scenario if ETH Loses $2.5K Support?

Ethereum is stabilizing around $2.5K after another sharp test of demand near $2.4K. Buyers have defended the recent lows, but the recovery remains below key resistance, leaving the market caught between a potential base and another leg lower. Ethereum Price Analysis: The Daily Chart On the daily timeframe, Ethereum remains within its broader ascending channel despite the recent correction. The decline from approximately $2.8K pushed the price below the channel’s midpoint and into the highlighted $2.36K–$2.46K demand zone. Two pronounced lower wicks into this region suggest buyers are responding to selling pressure, though subsequent rebounds have remained relatively modest. The latest recovery toward $2.52K keeps ETH above demand, but a move through the recent rebound highs around $2.56K–$2.58K is needed to demonstrate improving momentum. Beyond that, the former consolidation around $2.67K–$2.75K represents an important resistance area. Reclaiming it could support another challenge of the broader $2.79K–$3.05K supply zone. Conversely, renewed weakness would bring the $2.36K–$2.46K demand zone back into focus. This area overlaps with the channel’s rising lower boundary, making it a ...