Ethereum Price Analysis: ETH’s Double Rejection at $2K Spells More Trouble Ahead

After several failed attempts to extend its recovery, Ethereum is beginning to show signs of exhaustion beneath the major100-day MA. The latest rejection from this zone has weakened short-term momentum and increases the probability of a broader pullback if key support levels fail to hold.

Ethereum Price Analysis: The Daily Chart

On the daily timeframe, ETH’s outlook is gradually shifting toward a bearish bias after multiple failed attempts to reclaim the 100-day moving average. The repeated rejection from this dynamic resistance around $1.95K, combined with the emergence of bearish daily candles, suggests buyers are losing momentum.

Meanwhile, Ethereum continues to struggle with the descending channel, with the upper boundary represented by the white trendline serving as the most critical support.

If sellers manage to push the price back inside this channel, it would confirm a bearish continuation and likely trigger a deeper decline toward the $1.56K to $1.64K demand zone. On the upside, bulls must first reclaim the $1.88K to $1.91K resistance area before attempting another move toward the 100-day MA near $1.95K.

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