Crypto
ETH's Double Rejection at $2K Spells Trouble Ahead
Ethereum has been unable to break through the $2,000 barrier, with multiple attempts at recovery ending in failure.
The latest rejection from this zone has weakened short-term momentum and increases the probability of a broader pullback if key support levels fail to hold.
On the daily chart, ETH's outlook is shifting towards a bearish bias after repeated rejections from the 100-day moving average around $1.95K.
The price continues to struggle with the descending channel, and a breakdown below this area could trigger a deeper decline toward the $1.56K to $1.64K demand zone.