Ethereum Crashes Below $2,310 – Analysts Eye $2,000 as a Key Support Zone
- Ethereum crashes below $2,310, approaching a crucial $2,000 support zone amid bearish pressure.
- Analysts highlight bearish indicators, but some predict a potential bullish reversal near $2,600.
- Ethereum derivatives suggest optimism, though a drop below $2,200 could trigger further decline.
Ethereum is experiencing heavy selling pressure, pushing the price under $2,310. The broader crypto market remains weak, increasing concerns of a deeper correction. Analysts now focus on the $2,000 level, a crucial support that could decide Ethereum’s next move. A falling channel pattern suggests continued weakness unless buyers regain control. Traders now wonder whether Ethereum will hold above key support or continue sliding lower.
Ethereum Plunges Below $2,310 as Analysts Predict Critical $2,000 Support Test
— baloblack (@baloblack) February 27, 2025
Despite increased selling pressure, Ethereum traders anticipate a bullish swing as per the derivatives data. However, the ETH price trend warns of a potential breakdown. Will this lead to another…
Ethereum Approaches a Critical Support Level
Ethereum continues to trade in a falling channel, showing persistent bearish momentum. After breaking below $2,400, the price now tests the $2,224 support level. A failure to hold this zone could trigger a sharper decline toward $2,000. Technical indicators show increasing selling pressure.
The MACD confirms a bearish crossover, suggesting momentum favors the downside. However, the RSI remains above oversold territory, leaving room for a possible short-term rebound. Some traders expect a bounce from this region, while others remain cautious about further losses.
Analysts Predict a Possible Rebound
Crypto analyst Titan of Crypto highlights a Wyckoff accumulation pattern in Ethereum’s weekly chart. Price rejections near $2,139 suggest strong demand at lower levels. A previous occurrence of this pattern triggered a strong recovery, giving hope to bullish investors.
Another analyst, Ted Pillows, points to a bullish divergence in the three-hour chart. This pattern suggests that selling momentum may slow down, allowing a potential short-term rally. If Ethereum gains strength, the price could climb toward the $2,600–$2,700 range.
Despite the bearish trend, derivatives data shows optimism. Ethereum’s put-to-call ratio stands at 0.46, signaling bullish sentiment among options traders. Key strike levels remain between $2,200 and $3,100, showing expectations of price recovery.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fantom’s Solid Pattern of Higher Lows: What’s Next for FTM Price?

LINK’s Nearly 5% Daily Jump Sparks Optimism- Will LINK Reach $20 Soon?

Sonic Soars Over 6%—Can a Successful Breakout Send It Toward $1?

Solana’s Path to $3,800—Will It Hold Above $130 This Weekend?

Trending news
MoreCrypto prices
More








