Ethereum Loses 100-Day MA, Sub-$2K Drop Possible

Daily Chart Shows Bearish Signals

On the daily chart, Ethereum has been correcting for a while. It tried to push past the $2,300 to $2,400 resistance zone several times but couldn’t hold. Now it has lost the 100-day moving average, which was around $2,150. The price is sitting near the lower edge of an upward channel at the $2,000 area. This suggests sellers are in control for now.

If Ethereum can’t defend this channel support, we could see a sharper drop. The next major demand zone is around $1,800. To change the mood, the price would need to reclaim $2,400. Until that happens, the market might keep moving sideways or heading lower.

Lower Timeframe Breakdown

On shorter timeframes, Ethereum broke down from a rising wedge pattern that had been containing prices for weeks. After the breakdown, the price tried to bounce back to that trendline but got rejected. This confirms the breakout and points to more downside.

The recent selloff brought price to a support zone near $2,100. Some buyers are stepping in here, trying to stabilize. This area also lines up with a demand block and the lower edge of a rising channel. So it’s an important level to watch.

If $2,100 fails, the next target could be around $2,000 to $2,050. If support holds, we might see a temporary rebound. But there’s heavy resistance above near $2,200 and then $2,400.

Liquidation Heatmap Insights

The 3-month liquidation heatmap shows a big pile of liquidity above the current price, especially around $2,450 to $2,500. Markets tend to move toward these large pools because they create volatility.

But in the short term, Ethereum has started tapping into liquidity pockets below current levels, near $2,050 to $2,100, while bearish momentum stays strong. This suggests we might see more downside before any larger recovery toward those higher liquidity zones.

The imbalance between nearby downside liquidity and heavier long-term clusters above points to volatile times ahead. Whether Ethereum sweeps lower support first or recovers toward $2,500 likely depends on how price reacts around the current $2,100 demand area.

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