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Ethereum Price Analysis: Is $2K Still Possible After ETH Drops Below $1.9K?

Ethereum Price Analysis: Is $2K Still Possible After ETH Drops Below $1.9K?

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Ethereum remains trapped in a difficult consolidation phase, with weak liquidity and subdued trading activity preventing either side from establishing control. While ETH is holding near $1.88K, the latest short-term structural break introduces additional downside risk.

Ethereum Price Analysis: The Daily Chart

The daily chart continues to show a market suffering from a clear lack of momentum. ETH is trading around $1.88K, with the price action becoming increasingly choppy and compressed after the recovery from the $1.53K-$1.57K support zone.

A major factor behind this behavior appears to be the lack of liquidity and volume in the market. Neither buyers nor sellers have been able to generate enough sustained pressure to establish a directional move, resulting in sideways fluctuations around the 100-day moving average.

This moving average, currently near the $1.9K region, remains an important threshold. ETH has repeatedly traded around it but has failed to establish a convincing breakout and continuation above it. Meanwhile, the broader descending trendline is still nearby, adding another layer of technical resistance.

As a result, the market remains vulnerable despite the recovery from June’s lows. The immediate support zone is located around $1.80K-$1.84K. A decisive breakdown below this region could shift attention back toward the major $1.53K-$1.57K demand zone. Until volume and liquidity return, however, choppy sideways price action could remain dominant.

ETH/USDT 4-Hour Chart

The short-term picture has deteriorated compared with the previous structure. ETH had been respecting an ascending trendline from the early-July lows, but the latest price action has now broken below this trendline.

This breakdown is an early bearish signal, particularly because the market has subsequently remained beneath the former trendline rather than immediately reclaiming it. ETH is currently consolidating around $1.88K, while repeated attempts to generate upside momentum have remained limited.

The $1.80K-$1.84K blue demand zone is therefore the most important nearby support. If selling pressure increases and this area fails, the breakdown from the ascending structure could develop into a larger correction, potentially exposing the next major support around $1.71K-$1.75K.

Conversely, the bearish scenario would begin to weaken if ETH reclaims the broken trendline and pushes back toward the $1.95K-$1.98K resistance zone. A breakout above that region would be needed to restore a more convincing bullish continuation setup.

Sentiment Analysis

The Spot Average Order Size metric provides another indication that conviction may be fading. The chart categorizes spot activity according to the average size of executed orders, with the green observations representing larger whale orders and the gray observations reflecting more normal-sized activity.

During much of July and early August, green dots remained prevalent as ETH recovered from approximately $1.6K toward the $1.9K region, suggesting that larger orders were actively participating in the move. More recently, however, these green observations have disappeared and been replaced by gray dots around the current $1.9K price area.

This transition suggests a lack of clear directional conviction and an absence of the heavier orders that had previously supported the recovery. Notably, a similar shift is visible on the left side of the chart around early May. Green dots disappeared, and gray observations became dominant before ETH subsequently experienced a significant decline.

That historical similarity does not guarantee another selloff, but it adds weight to the cautious technical picture. With whale-sized spot orders currently absent, ETH may struggle to generate a sustainable breakout unless stronger participation returns. Combined with the 4-hour trendline breakdown and weak daily momentum, the latest on-chain behavior suggests downside risk should remain firmly on the radar.

The post Ethereum Price Analysis: Is $2K Still Possible After ETH Drops Below $1.9K? appeared first on CryptoPotato.

Ethereum Price Analysis: ETH Clears $1.9K, but a Bigger Test Awaits

Ethereum Price Analysis: ETH Clears $1.9K, but a Bigger Test Awaits

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Ethereum is attempting to stabilize after recovering from its June lows, but the broader trend has yet to shift decisively in favor of the bulls. While the daily chart still reflects a bearish market structure beneath key moving averages, the 4-hour timeframe shows improving short-term momentum as price presses against key resistance levels.

Meanwhile, on-chain data continues to provide a constructive backdrop, with exchange balances falling to fresh cycle lows.

Ethereum Price Analysis: The Daily Chart

ETH is trading around $1.92K after rebounding from the $1.6K demand zone, where buyers stepped in aggressively following the sharp June selloff. The recovery has carried price back above a major confluence resistance formed by the long-term descending trendline and the 100-day moving average near $1.9K.

Despite the bounce, Ethereum remains below both the 100-day and 200-day moving averages, with the 200-day MA still trending lower near the $2.1K region. As long as the asset remains beneath these dynamic resistance levels, the broader market structure continues to favor sellers.

The first key resistance lies at $2.1K, where the mentioned 200-day moving average intersects with a major supply zone. A successful breakout above this cluster could expose the next resistance zone around $2.4K, which previously acted as a major distribution area.

On the downside, the immediate support is located around $1.85K, followed by the stronger demand zone at $1.6K. Losing the $1.85K area and dropping back inside the descending channel would invalidate the recent recovery attempt and likely reopen the path toward the $1.6K demand zone and potentially lower.

ETH/USDT 4-Hour Chart

The lower timeframe presents a more constructive picture. ETH has spent the past several sessions consolidating above the $1.85K support zone while gradually compressing beneath a descending trendline that has capped the price since the late-July high.

This structure resembles a short-term falling wedge or descending channel breakout attempt, with buyers repeatedly defending higher lows despite continued selling pressure from trendline resistance.

A decisive breakout above the descending trendline could trigger a move toward the psychological $2K level and the larger ascending channel’s upper boundary. Clearing those levels would strengthen the case for a continuation toward the daily resistance cluster near $2.2K and even $2.4K.

However, failure to break the trendline could lead to a breakdown of the $1.85K support, and if that zone gives way, ETH may revisit the broader demand area around $1.75K before buyers attempt another recovery.

On-Chain Analysis

The Exchange Supply Ratio continues to trend lower, reaching approximately 0.127, the lowest reading shown on the chart. This persistent decline indicates that a smaller proportion of Ethereum’s circulating supply is being held on centralized exchanges.

Historically, falling exchange balances suggest investors are moving coins into self-custody or long-term storage rather than preparing them for immediate sale. While this metric does not guarantee higher prices in the short term, it generally reflects declining spot sell-side pressure and improves the medium-term supply dynamics.

The combination of shrinking exchange reserves and ETH holding above a key support zone creates a constructive backdrop. Nevertheless, price confirmation remains essential. A sustained move above the descending trendline and the $2.2K resistance cluster would be needed to align the improving on-chain picture with a confirmed bullish technical reversal.

The post Ethereum Price Analysis: ETH Clears $1.9K, but a Bigger Test Awaits appeared first on CryptoPotato.

Ethereum Price Analysis: ETH Reaches Its Biggest Obstacle on the Road to $2K

Ethereum Price Analysis: ETH Reaches Its Biggest Obstacle on the Road to $2K

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Ethereum has continued its recovery from the June lows and is now approaching a major technical inflection point. While the recent rally has improved short-term sentiment, the asset is still trading beneath a confluence of long-term resistance levels.

Interestingly, the liquidation landscape aligns closely with these technical barriers, suggesting that ETH could first target overhead liquidity before the market decides whether a larger trend reversal is underway or another corrective leg lower remains ahead.

Ethereum Price Analysis: The Daily Chart

On the daily timeframe, ETH remains within a broader descending structure in place since the beginning of the year. It has recovered strongly from the major demand zone around $1.45K-$1.55K and is currently testing the key resistance region around $1.80K-$1.85K.

This area is particularly significant because it coincides with the descending trendline that has capped price action since May. The level also represents a major horizontal resistance that previously acted as support before the June breakdown.

Despite the recent strength, ETH remains below the 100-day and 200-day moving averages, both of which continue to trend lower. The 100-day MA is positioned around the $2K-$2.1K resistance zone, while the 200-day MA remains considerably higher near $2.2K, reinforcing the broader bearish market structure.

As long as ETH remains below the descending trendline and the $1.80K-$1.85K resistance zone, the current move can still be viewed as a recovery rally within a larger downtrend. A decisive breakout above this area would shift focus toward the next major resistance at $2K-$2.1K.

ETH/USDT 4-Hour Chart

The 4-hour chart highlights a clear ascending structure that has developed since the late-June low. Price has respected the rising channel boundaries while forming higher highs and higher lows, reflecting improving short-term momentum.

The market has already reclaimed the $1.62K-$1.64K demand zone and subsequently established another support area around $1.72K-$1.74K. These zones have repeatedly attracted buyers during pullbacks and continue to define the short-term bullish structure.

However, the rally is now approaching the upper boundary of the channel and the major resistance band around $1.83K-$1.85K. This creates a natural area where profit-taking and seller activity could emerge.

From a structural perspective, ETH remains constructive above the $1.72K-$1.74K support region. Losing this level would be the first sign that bullish momentum is fading and could expose the lower channel boundary and the broader support zone around $1.55K.

Sentiment Analysis

The Binance ETH/USDT liquidation heatmap provides an important clue regarding the next likely move.

The most significant concentration of short-side liquidity sits above the current market price, particularly within the $1.95K-$2.1K region. This cluster aligns remarkably well with the daily chart resistance zone, the 100-day moving average, and the broader supply area visible on the higher timeframe.

Meanwhile, substantial liquidity pools remain below the market around the $1.45K-$1.55K region, which corresponds closely with the major daily demand zone that has supported ETH throughout the recent recovery.

The alignment between the liquidation map and the technical structure suggests that the market may first be drawn toward the overhead liquidity cluster. A move into the $2K-$2.1K area would effectively sweep a large concentration of short liquidations while simultaneously testing one of the most important resistance zones on the chart.

The reaction at that region will likely determine the next major directional move. If buyers manage to reclaim the $2K-$2.1K resistance area and establish acceptance above it, the recovery could evolve into a broader bullish trend reversal. However, if the liquidity sweep is followed by strong selling pressure and rejection from resistance, ETH could enter another notable decline, potentially targeting the large liquidity pools resting beneath the market around the $1.45K-$1.55K support zone.

The post Ethereum Price Analysis: ETH Reaches Its Biggest Obstacle on the Road to $2K appeared first on CryptoPotato.