Ethereum Struggles at Pivotal Resistance—Can Price Move Toward $2,200 or Slip to $1,800?

After a highly volatile week, Ethereum’s price appears to be taking a pause, trading within a more stable range. Buyers stepped in to stop a deeper sell-off, but the rebound has struggled to gain real momentum. As the ETH price moves closer to resistance near $2,157, buying pressure is starting to fade. This leaves traders watching closely to see whether the recent low around $1,754 marked a short-term bottom or if the market is preparing for another leg lower.

Ethereum Price Transitioning from Survival to Recovery Mode

A crypto proponent, anonymously known as Wise Advice, shared data that suggests the Ethereum price is no longer under serious selling pressure. 

• Ethereum is trading near $1,950, below the 0.80 MVRV band, a zone historically linked to peak fear and forced selling. In past cycles, most downside was already priced in once ETH entered this range, even if the price consolidated afterwards. The 1.0 MVRV level near $2,450 remains the key recovery signal.

• ETH/BTC remains in a broader downtrend, but selling pressure is clearly easing. Price is holding a higher-timeframe demand zone around 0.029–0.030 BTC, where rebounds have formed before. A reclaim of 0.0325 BTC would be the first sign of ETH regaining relative strength.

• Ethereum continues to dominate tokenization, hosting over 61% of the market and nearly $200 billion in assets. Even during market share dips, the value settling on Ethereum kept rising, suggesting capital stayed in the ecosystem despite weak price action.

• ETH exchange reserves have fallen to mid-2016 levels, tightening sell-side supply. Historically, declining reserves during sideways or weak price action signal distribution is largely complete, reducing downside risk and setting the stage for stronger upside once demand returns.

What’s Next for the ETH Price Rally?

Ethereum’s daily chart shows a market that has already taken a lot of damage and is now testing whether buyers are ready to step back in. After failing multiple times near the $3,200–$3,400 zone, ETH broke down sharply, slicing through a key demand area and triggering a fast sell-off toward long-term support. The structure clearly reflects distribution at the highs, followed by panic-style selling, which often marks the late stages of a corrective move rather than the start of one.

From a price-structure perspective, ETH lost the $2,800–$2,900 support, which flipped cleanly into resistance and accelerated downside momentum. The current bounce is happening near the rising long-term trendline around $1,800–$1,850, a level traders will watch closely for stabilization. RSI hovering near the low-30s signals oversold conditions, while MACD remains bearish but deeply extended, hinting selling pressure may be tiring. A sustained hold above $1,820 can open a relief move toward $2,150–$2,300, while losing this support risks a deeper flush before any meaningful recovery.

The Bottom Line!

Ethereum is reacting from the $1,800–$1,850 long-term trendline, which is the last meaningful support before a deeper drawdown. As long as the ETH price holds this zone, a short-term relief bounce toward $2,150–$2,300 remains realistic, but this would still be a counter-trend move unless ETH reclaims $2,800 on strong volume. If $1,800 breaks decisively, the downside opens toward the $1,600–$1,650 area where buyers previously stepped in. Until structure flips bullish, rallies are better treated as sells, not trend reversals.