Ethereum is struggling to regain the critical $2,000 level after losing key support. Currently trading at $1,900, ETH faces strong resistance, with market sentiment still leaning bearish. The recent sharp decline was accompanied by a surge in selling volume, signaling that large investors may be offloading their holdings in anticipation of further losses.

If Ethereum fails to hold above $1,900, a drop to $1,800 could be imminent. On the upside, breaking through resistance at $2,000, followed by $2,100 and $2,200, would signal a potential reversal. However, moving averages remain bearish, reflecting continued caution in the market. Buyers must step in with strong momentum to counteract selling pressure and sustain a recovery.

Ethereum’s near-term outlook hinges on whether it can maintain key support levels and push past critical resistance zones. If bullish momentum builds, ETH could recover its losses, but failure to do so may trigger a deeper retracement. Traders are closely watching price action to determine the next major move.