Ethereum Price Analysis: ETH Must Reclaim These Levels To Reverse Bearish Momentum Ethereum is struggling to regain momentum, currently trading around $2.25K as buyers defend the critical $2.2K support level after a failed breakout attempt. The asset has broken below its rising channel, indicating a deterioration in the medium-term structure, and $2.5K is needed to restore bullish sentiment. On-chain analysis shows a significant drop in network activity, with the Transactions Between EOA index dropping to around 560K, indicating a lack of strong demand and leaving the $2.2K support critical for buyers.

Ethereum Price Analysis: ETH Must Reclaim These Levels To Reverse Bearish Momentum Ethereum is struggling to regain momentum, currently trading around $2.25K as buyers defend the critical $2.2K support level after a failed breakout attempt. The asset has broken below its rising channel, indicating a deterioration in the medium-term structure, and $2.5K is needed to restore bullish sentiment. On-chain analysis shows a significant drop in network activity, with the Transactions Between EOA index dropping to around 560K, indicating a lack of strong demand and leaving the $2.2K support critical for buyers.