Ethereum is trading for $2,148, testing support for $2,100

• Currently, Ethereum remains under $2,100, testing key levels.
• Above $2,475, Ethereum can once again drive strong trends.
• If Ethereum falls below $2,100, it can tail it to another $1,800.

Ethereum continues to test a key support level at a price threshold of $2,100, which served as a starting point for a significant surge in value in history. At $2,148.4, Ethereum is further weakening its initial bull structure after falling below its 200-week moving average. Current prices depend on one of the areas known as the alien zones of historical importance of demand, as traders try to see if they cause rebounds or confirm a greater decline. The next move will determine whether Ethereum will recover towards the $2,475 level or if the risk drops even further, and emotions are hanging from the edge.

Ethereum is at a decision level

The $2,100 region is strong as the ether movement has been a page that has responded significantly to the past. So this level makes a lot of sense in the test. This level is placed at Ethereum as the final line of defense before deeper losses, which previously represented a solid resistance point before supporting. Additional complications to lower pressures are often emphasized over a wide range of factors by violating the standard 200-week moving average. If buyers defend through the region, a rapid recovery from Ethereum is possible. However, such a failure to hold reveals the next major support, close to $1,800.

In the short term, Ethereum’s ability to regain $2,475 could begin to show new strength. In contrast, opposition indicates an increase in sales pressure. Additionally, the confirmed breakdown from this zone focuses on $1,800. This is an incredible level where historical data has proven to be a strong accumulation level. On the positive side, this level corresponds to previous areas of resistance, so Ethereum needs to exceed $2,500 to regain intense momentum. The market is still in suspense, waiting for a move to set direction in Ethereum’s next major trend.

Traders scan the market signal that they act next

Ethereum spans critical support, traders are glued to price action on price for bounce or deeper reductions. If the Bulls defend $2,100, this could recover to $2,500. Otherwise, a failure to hold could likely defeat Ethereum even more. The next trading session proves important in determining the direction of Ethereum, as market sentiment is an affair with uncertainty and careful optimism.