Ethereum Price Prediction: Is $2K Next After ETH’s Latest $2.5K Rejection?

Ethereum’s latest recovery has reversed sharply, returning the price to approximately $2.4K and keeping a bearish breakdown as the main scenario. Escalating Iran–US tensions add a potential risk-off headwind, though their impact on ETH remains speculative rather than a confirmed cause of the decline. Ethereum Price Analysis: The Daily Chart On the daily timeframe, Ethereum’s rebound toward $2.48K–$2.52K failed to generate sustained follow-through. The latest bearish candle has pushed the price back inside the $2.36K–$2.44K demand zone and beneath the ascending channel’s lower boundary. This rejection suggests that buyers have yet to regain control despite repeatedly defending nearby support. The main scenario favors a breakdown if ETH establishes a daily close beneath $2.36K, followed by a loss of the recent wick lows around $2.32K. Such a move would confirm deterioration beyond a temporary trendline breach and could extend the correction toward the $2.2K–$2.27K region. However, demand has not yet decisively failed. A sustained reclaim of $2.44K and the channel boundary would weaken the immediate bearish outlook. Buyers would then need to clear $2.48K–$2.52K to interrupt the sequen...