Ethereum ($ETH) Struggles at $2,000 — Is a Bigger Correction Coming?
Ethereum ($ETH) continues to face strong resistance around the $2,000 psychological level. Despite multiple attempts, bulls have failed to secure a convincing breakout above this key zone.
Why $2,000 Is So Important
🔹 Psychological resistance – Round numbers often act as strong supply zones.
🔹 Previous rejection area – Sellers previously stepped in aggressively here.
🔹 Liquidity cluster – Large stop orders are likely positioned around this range.
If $ETH cannot break and hold above $2,000 with strong volume, the probability of a deeper pullback increases significantly.
📉 Bearish Scenario:
A drop toward the $1,850–$1,900 support zone
Increased selling pressure
Potential retest of lower liquidity levels
📈 Bullish Scenario:
Flip resistance into support if $2,000 is broken
Trigger short liquidations
Open the path toward the $2,200+ region
Momentum appears weak, and buyers seem hesitant. Without strong volume confirmation, upside continuation looks less likely in the short term.
Ethereum is at a critical level. The next few daily candles will likely determine short-term direction. Traders should watch volume and reaction around $2,000 closely.
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