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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