- Ethereum failed to break above $2,900 resistance zone
- Price may fall towards $2,500 if recovery fails
- Bears gaining control amid weakening momentum
Ethereum ( ETH ) recently made an attempt to reclaim the $2,850–$2,900 resistance zone but failed to maintain momentum. This rejection suggests that sellers remain in control, and if the price doesn’t reclaim this level soon, ETH could face a deeper correction.
Currently trading below $2,850, Ethereum is at a critical point. Technical indicators show fading bullish strength, and the lack of buying volume adds to the pressure. If buyers do not step in soon, Ethereum may retest the $2,500 support area — a level it last touched during previous consolidation phases.
Why $2,900 is Crucial for Ethereum
The $2,850–$2,900 zone has acted as a strong resistance over recent weeks. Multiple attempts to break above have been met with selling pressure, indicating that large players may be offloading positions around this level. This resistance is also in line with a key Fibonacci retracement level from the previous drop, making it even more significant.
For ETH to regain strength, it must close above this range with high volume. Without that, the path of least resistance appears to be downward.
$2,500 Could Be Ethereum’s Next Stop
If Ethereum continues to struggle below $2,900, analysts expect a move toward the $2,500 mark. This level has previously acted as strong support and may offer a temporary bounce. However, a failure to hold $2,500 could open doors to further downside risks.
In the short term, Ethereum holders should watch for a decisive move. A bullish breakout above $2,900 could invalidate this bearish scenario, while continued rejection may confirm the downside target.
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