Ethereum Price Prediction Hinges on $2,000 Support Zone Test

TLDR

• ETH rejects $2,130 and compresses near $2,000 support.
• Break below $2K may trigger stops and extend downside.
• $57M ETF inflows hint at institutional dip buying.
• Daily trend stays bearish below descending resistance.

Ethereum(ETH) price is pressing a decisive moment after a rapid selloff pushed the market back toward the $2,000 zone. Analysts tracking multiple timeframes highlighted heavy technical pressure but also noted improving institutional flow data. Immediate reactions around support could influence moves toward $2,400 while breakdown risks remain visible below.

Ethereum Price Tests $2K After Sharp Rejection

According to analyst Ali, the one-hour chart shows a forceful Ethereum rejection from resistance near $2,130. Momentum accelerated downward with consecutive bearish candles and limited signs of early demand. The move placed short-term control firmly in sellers’ hands.

Price is now compressing around a well-known reaction band between $2,007 and $2,013. Such zones often attract liquidity hunts and fast responses from both sides. Traders typically expect either a sharp rebound or a further decline.

Moreover, the analyst describes the situation as a decision point rather than a confirmation of reversal. Holding above $2,000 could trigger short covering toward mid-range levels. Losing the level may expose stop clusters resting beneath the range.

In addition, Ali suggested that evidence of accumulation has not yet appeared. Market participants usually seek higher lows and strong volume before assuming stability. Until then, the test remains unresolved.

ETF Inflows Show Institutions Buying Weakness

Meanwhile, analyst Ted Pillows focused on capital flows. The latest session recorded roughly $57 million in net inflows into ETH exchange-traded funds. Fidelity contributed the majority with purchases exceeding $67 million.

Notably, ETF demand is widely viewed as a barometer of traditional finance participation. Positive readings during drawdowns can imply quiet absorption by larger investors. These divergences sometimes develop before broader sentiment improves.

However, inflows rarely generate instant rallies on their own. Technical pressure can persist while allocations are still building in the background. Timing between positioning and price response often stretches across sessions.

Furthermore, the size of the print stands out after recent volatility. Continued demand across several days would strengthen the stabilization narrative. A single reading, though notable, keeps traders cautious.

Daily Chart Shows Demand Under Trendline Pressure

According to analyst CryptoWZRD, the higher-timeframe structure remains restrictive despite intraday reactions. Price continues to trade beneath a descending trendline formed since the previous peak. Each rally attempt has produced another lower high.

The return to the $2,000 zone places the asset inside a historically important demand pocket. Long lower wicks indicate buyers are active at these levels. Still, resistance recovery is required before momentum can truly shift.

Additionally, the analyst highlighted a mid-range barrier near the $2,400 level. This level would likely be the first major resistance during any recovery attempt. Above it, a heavier supply waits closer to $2,800 and the falling trendline.

More so, the strength of the decline raises the odds of temporary mean reversion. Markets often cool after impulsive drops through consolidation or relief bounces. Whether continuation or base building follows depends on follow-through.

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