Overview
- Ethereum trades near $2,048 with buyers trying to hold the $2,000 level after an earlier-month rejection around $2,372.
- Sellers keep knocking back rebounds near $2,050–$2,100, and traders are watching $2,138–$2,151 for a signal that momentum has flipped.
- Momentum looks soft with price below the 50- and 100-day moving averages, the RSI near 44, and the MACD under its signal line.
- Fund withdrawals and a record Bitcoin options expiry have added pressure, including $92.5 million pulled from U.S.-listed Ethereum ETFs.
- On-chain data shows roughly 466,000 ETH moved into long-term wallets, which supports a longer-view bull case even as near-term risk stays high.