Ethereum Price Analysis: Is $2K in Play as Bearish Sentiment Builds? | Ethereum Ethereum (ETH) Price

Ethereum is trading near $2,370 after breaking below its ascending channel, as a rebound that stalled in the $2,440–$2,520 resistance zone triggered renewed selling. The report points to futures positioning shifting toward sellers, which could keep downside pressure in place unless buyers reclaim nearby resistance levels. On the daily chart, ETH fell beneath the lower boundary of the ascending channel after its latest recovery failed within the same supply range. The subsequent bearish candles are described as giving sellers another opportunity to reduce exposure, while buyers struggled to restore the prior price structure. Overall, the continuation bearish scenario remains favored while resistance holds.