Ethereum Price Prediction Bearish: $2.4K Rejection, $1.8K Risk
Ethereum price prediction signals bearish momentum building after ETH repeatedly failed below the $2.3K–$2.4K resistance. The latest move suggests sellers are gaining control, and buyers cannot hold key support.
On the daily chart, ETH shows bearish rejection from the $2.3K–$2.4K supply area. Price is now drifting back toward the 100-day moving average (100-day MA). A confirmed breakdown below the 100-day MA could open a bearish leg toward the $1.8K–$1.85K demand zone. Higher timeframe structure also appears corrective while ETH trades under the declining 200-day MA near $2.6K.
On the 4-hour chart, ETH broke below the lower boundary of an ascending wedge, a clear bearish signal. After the breakdown, price accelerated down to the first demand area around $2.18K–$2.22K. If buyers defend this zone, a short-term consolidation or a rebound toward the broken wedge boundary near $2.3K is possible. If $2.2K fails, the next support sits at $2.05K–$2.1K.
Ethereum price prediction is reinforced by derivatives sentiment: the taker buy/sell ratio remains below the neutral 1 threshold (around 0.96–0.97). That persistent sell-side dominance aligns with the technical breakdown. If the ratio stays under 1 while ETH trades below the $2.3K–$2.4K resistance band, downside toward $2.1K and potentially the critical $1.8K level becomes more likely.
Bearish
The article’s core message is a bearish shift in Ethereum price action. ETH failed repeatedly around the $2.3K–$2.4K resistance band, which typically precedes further downside when a retest fails and price slips under key moving averages. The move back toward (and potential breakdown of) the 100-day MA increases the probability of a trend continuation lower, targeting the $1.8K–$1.85K demand area.
On the intraday structure, breaking the ascending wedge on the 4-hour chart mirrors a common pattern: once the pattern’s lower boundary breaks and the market cannot reclaim the prior trendline/resistance (around $2.3K), traders often shift from buying dips to selling rallies. The derivatives data (taker buy/sell ratio staying under 1 at ~0.96–0.97) supports this behavior by showing persistent sell-side aggressiveness in futures.
In the short term, this setup favors risk management around $2.18K–$2.22K and $2.1K; a loss of $2.2K can accelerate stops and push momentum traders toward $1.8K. In the longer term, the article implies the higher timeframe trend is still fragile while ETH remains under the declining 200-day MA near $2.6K, meaning any rebounds may face supply unless ETH reclaims and stabilizes above ~$2.4K.