Ethereum Faces Selling Pressure — Is $2,200 the Next Key Level?

Ethereum is trading near $2,239.11, down 3.59%, with sellers maintaining control of the short-term structure.

The $2,250–$2,265 resistance zone is an important area to watch. A failed recovery into this region could create another downside opportunity, while a strong breakout may indicate that buyers are regaining momentum.

Trade Setup: Resistance Rejection

EP: $2,250–$2,265

TP1: $2,225

TP2: $2,200

TP3: $2,175

SL: $2,285

Market Structure & Liquidity Analysis

The $2,250 area represents the nearest resistance, while $2,200 remains a psychological downside liquidity level. A rejection near resistance could strengthen the bearish continuation scenario.

A sustained move above $2,285 would invalidate this setup. Confirmation is essential before entering a position.

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