Ethereum<\/a> is currently trading around $2,110<\/strong>, under constant selling pressure<\/strong> that is gradually eroding support levels. The risk of losing the psychological $2,000<\/strong> mark is growing session by session on the charts. This zone is much more than just a round number: it is a structural floor<\/strong> defended by institutional buyers for several months. A daily close below this threshold would mechanically trigger a cascade of liquidations on long positions using leverage. The bearish scenario would then become dominant across all timeframes.<\/p>\n\n\n\n The daily RSI is heading towards the oversold<\/strong> territory without yet displaying any convincing bullish divergence. The MACD confirms a persistent negative momentum<\/strong> with a recent bearish crossover on higher timeframes. The Bollinger Bands are expanding downwards, signaling an ongoing bearish expansion<\/strong>. Fibonacci levels place successive supports at $1,950<\/strong>, $1,800<\/strong>, and $1,650<\/strong> in the event of a break below $2,000<\/strong>. Without a strong bullish catalyst, sellers retain total control over crypto trading on ETH.<\/p>\n\n\n\n The $2,000 to $2,100<\/strong> zone is a major technical confluence<\/strong> on the Ethereum chart. It combines historical horizontal support and the 61.8%<\/strong> Fibonacci retracement level. A rebound from this area with convincing volume would pave the way towards $2,280<\/strong> and then $2,390<\/strong>. On chain crypto whales<\/a> have not yet shown any massive accumulation signals at these levels. This lack of strong institutional signaling is the main point of vigilance for bulls. The short term Ethereum forecast remains conditional on the absolute defense of $2,000<\/strong>.<\/p>\n\n\n\n