Ethereum Price Hits New Low as Resistance Levels Loom

Ethereum's price has been struggling to recover after breaking below the $2,350 zone, and it now faces significant technical hurdles in its attempt to bounce back.

The cryptocurrency found support at $2,000 but is currently trading below both the $2,220 level and the 100-hourly Simple Moving Average, indicating bearish control of the market.

To make a meaningful recovery, Ethereum must clear both the $2,230 and $2,275 resistance levels, which represent critical barriers to any upward momentum.