Ethereum Price Hits Roadblock Below $2,350

Ethereum's price is struggling to recover after plummeting below $2,350. The cryptocurrency found support at $2,000 but faces significant technical hurdles in its attempt to bounce back.

The price broke below the $2,320 support zone in a decisive move downward and now trades below both the $2,220 level and the 100-hourly Simple Moving Average, indicating bearish control of the market.

Technical analysis suggests that Ethereum must clear both the $2,230 and $2,275 resistance levels for any meaningful recovery to begin. These price points represent critical barriers to upward momentum.