Ethereum
Ethereum is trading around $2,290, attempting to recover after recent selling pressure. However, despite the short-term improvement, the broader technical structure remains bearish. The key challenge for buyers is the $2,300 resistance zone, where a failure to break higher could bring sellers back into control.
On the daily timeframe, Ethereum's Relative Strength Index (RSI) is around 37.3, indicating relatively weak momentum. The broader trend remains under pressure, with ETH trading below most major moving averages. On the four-hour chart, RSI has recovered to approximately 53.1, suggesting that short-term buying momentum has improved. Nevertheless, this recovery has not yet confirmed a reversal of the broader bearish trend.
The $2,300–$2,302 area represents the first important resistance zone. A sustained four-hour close above this range could strengthen the recovery and open the way toward $2,324. If buying pressure continues, the next major resistance levels are around $2,350 and $2,375. Reclaiming these levels would provide stronger evidence that buyers are regaining control.
On the downside, $2,250 is an important short-term area to monitor, followed by major support near $2,219. A confirmed daily close below $2,219 could increase selling pressure and expose the next support around $2,164. If that level also fails, Ethereum could face a deeper correction toward $2,037.
The bullish scenario depends on ETH breaking above $2,300 and maintaining its position above that level. Such a move could encourage further buying and support a recovery toward $2,324 and $2,350. Conversely, rejection near $2,300 followed by a loss of $2,250 could weaken the current recovery and bring the $2,219 support into focus.
Overall, Ethereum is showing signs of short-term stabilization, but the daily trend has not yet turned bullish. The $2,300 resistance zone is the immediate test for buyers, while $2,219 remains the more important support level. Until ETH establishes a sustained breakout, the market remains vulnerable to renewed volatility and further downside.
