Ethereum price has entered a period where important resistance levels are being tested. While recent market movements increase the effectiveness of both buyers and sellers, short-term fluctuations attract attention. As of now, Ethereum is trading around $2,194, remaining above recent support levels and pushing key supply areas on upside moves.
Supply wall and critical regions
In the Ethereum market, the initial selling pressure has been overcome in recent days and the price has regained the $ 2,200 band. According to market analysis shared by CW8900, buyers seem to have actively provided support, especially in the $2,150–$2,180 range.
However, a dense wall of supply remains ahead of investors in the $2,275–2,350 range. This region has previously limited upward attacks and currently stands out as the critical threshold for the next rise. As the price approaches this level, the rise slows down, creating a market situation where liquidity is gradually absorbed.
If the price persists above $2,275, a search for a new balance between $2,320 and $2,350 comes to the fore. However, if this zone cannot be crossed, Ethereum is expected to retreat to the $2,150–2,180 support. In case of a possible decline, this region will play a decisive role in the short term.
Weak signals and possible scenarios in the short term
Price movements present an image that repeats past patterns; Short-term rises, especially at the resistance line, are followed by harsh rejections. According to Ted Pillows’ analysis, Ethereum is again moving in the $2,300–2,350 range; There were decreases from these levels in recent attempts.
In the current rise, no sharp upward momentum is observed and the price seems to have difficulty holding on to this region. As before the previous decline, there are signs of decreasing buyer strength. Unless persistence above $2,350 is achieved, the short-term structure has the potential to herald a new downward movement.
If the current structure is repeated, first $ 2,000 and then $ 1,800 can be watched as potential support. Only a clear close above $2,350 could end the bearish trend.
Looking at the broader time frame, it seems that Ethereum is still continuing its course within a large horizontal band. In the analysis shared by Ali Charts, $ 1,550 and $ 1,070 levels are highlighted as long-term support points; These regions have historically been among the points where the price has stabilized.
On the other hand, after increases in resistance areas in the short term, the market may weaken again. Ethereum may move slightly lower before entering a strong recovery phase. Therefore, high resistance points will need to be overcome for buyers to take full control.
In fundamental dynamics, the Ethereum network attracts attention, especially with the growth in the field of staking. According to current data reported by Cointelegraph, more than 176,500 ETH are staked on platforms such as Gate and the average annual return is 4.11%. Increasing the staked amount can have positive effects on the price by narrowing the ETH supply in circulation.
The locking up of more and more ETH every day stands out as a structural element restricting the supply in the market. As this trend continues, it seems likely that the price will find upward support even if there is no significant increase in demand.
In the short term, the price has not yet been able to fully overcome the resistance block between $2,275–2,350. While buyers continue to remain in the market, the trigger for a strong upward move is not yet clear.
Ethereum, which has decreased by 2.94% in the last 24 hours, is traded at $ 2,194. Maintaining the support zone is important for the price structure in the near term. While rising above $2,350 will enable buyers to come to the fore again, otherwise, the risk of the price moving towards the $2,000-1,850 range continues.
