Ethereum Price Prediction: Is $2K Inevitable as ETH Crashes 5% Again?

Ethereum’s decline has extended below the $2.17K–$2.22K support zone, leaving the price near $2.13K. The breakdown keeps the technical outlook bearish, while persistently positive funding suggests that bullish positioning has not fully unwound. Ethereum Price Analysis: The Daily Chart The daily chart shows another deterioration in Ethereum’s structure following its earlier breakdown from the ascending channel. The recent rebound toward $2.44K was sharply rejected at the lower edge of the $2.44K–$2.52K supply zone, confirming that sellers remain active on recoveries. After briefly consolidating around $2.24K, ETH broke decisively beneath the $2.17K–$2.22K demand zone. This area now represents potential resistance on a pullback. Although the latest selloff produced a lower wick toward $2.06K, the subsequent response has yet to recover the broken support or establish a meaningful bullish structure. If buyers fail to reclaim $2.17K–$2.22K, the risk of another decline remains elevated. The recent $2.06K low is the immediate downside reference, followed by the psychological $2K level and the broader $1.90K–$1.98K daily demand zone. Conversely, sustained acceptance back above $2.22K would...