$ETH Price Rejected Near $2,400 Again, Sellers Defend Key Barrier
Ethereum is struggling to break above the $2,350–$2,400 resistance zone, with sellers repeatedly defending this level. After reaching around $2,380, the price faced rejection and has now slipped below key support levels, signaling short-term bearish pressure.
Technically, ETH has broken below a bullish trendline and is trading under its 100-hour moving average — both signs of weakening momentum. Indicators like RSI below 50 and a bearish MACD further confirm that sellers are currently in control.
If ETH fails to reclaim $2,350, the downside could extend toward $2,300 and even $2,265. A breakdown below that may open the path toward $2,200 or lower.
However, if buyers manage to hold above $2,300 and push the price back above $2,365, Ethereum could attempt another move toward $2,400+. Right now, Ethereum is at a key level where the next move will likely define the short-term trend.