ETH Price Prediction: $2K Break Risks Toward $1.8K

Ethereum (ETH) price recovery is losing momentum. Traders point to repeated rejections near the $2.4k resistance zone and a failure to hold prior strength, keeping the ETH trend bearish. On the daily chart, ETH remains below the 100-day and 200-day moving averages (around $2.5k and $3.1k). Both averages are trending down and acting as overhead resistance. The price recently entered a $2.4k supply area but bounced back weakly, reinforced by a bearish order block. If ETH cannot reclaim this level, the likely downside target is $1.8k support. On the 4-hour chart, the short-term recovery structure has broken. An ascending channel failed—price dropped below channel support and has not reclaimed it. A rejection near $2.4k (including a failed/“fake” breakout) led to the pullback, and ETH is hovering around the $2k pivot. The article warns that if ETH loses $2k “with conviction,” the next move would be a retest of the $1.8k demand zone. To regain momentum, buyers need to push back above the recent $2.2k high. Sentiment is also a concern: the Estimated Leverage Ratio has risen sharply, implying more leverage in the system. That typically increases volatility risk and can amplify liquidation-driven swings, especially when price is stuck under resistance and spot follow-through is weak. Overall, this ETH price prediction centers on whether $2k holds; losing it would likely accelerate the path toward $1.8k.