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Ethereum Price Analysis: ETH’s Double Rejection at $2K Spells More Trouble Ahead

Ethereum Price Analysis: ETH’s Double Rejection at $2K Spells More Trouble Ahead

After several failed attempts to extend its recovery, Ethereum is beginning to show signs of exhaustion beneath the major100-day MA.

The latest rejection from this zone has weakened short-term momentum and increases the probability of a broader pullback if key support levels fail to hold.

Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH’s outlook is gradually shifting toward a bearish bias after multiple failed attempts to reclaim the 100-day moving average.

The repeated rejection from this dynamic resistance around $1.95K, combined with the emergence of bearish daily candles, suggests buyers are losing momentum.

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