Ethereum continues to grapple with selling pressure after a recent rejection from the $2,100 resistance zone. The latest price movements have seen ETH break crucial support levels, plunging below $1,800 as it tests lower demand areas.

Technical analysts, including Edris Derakhshi, note that the daily chart reveals a bearish trend, with Ether consistently forming lower highs and lower lows. This downward pressure indicates a lack of buying interest from market participants, which raises concerns about the future price trajectory of Ether.

As ETH navigates through these challenges, traders must keep a close watch on market indicators. The breach of support signals possible further declines, pushing investors to reassess their positions. Momentum can shift rapidly in the cryptocurrency landscape, and remaining informed is critical to success.

Ether’s future depends on the market’s ability to create new buying opportunities or if the bearish structure continues. Stay alert for upcoming technical analyses and insights as we continue to follow the ETH trends.

Source: Various market analyses and trading data.