Ethereum price slipped back below the $2,000 mark as the crypto market turned defensive, with major assets easing after failing to sustain their recent recovery attempts. The drop unfolded gradually rather than through panic selling bids kept thinning across the session until $2,000 support finally gave way, pushing ETH price
Following the deposit, ETH price didn’t drop sharply, yet upside follow-through disappeared and each recovery attempt stalled-near $2100. This is typical distribution behaviour, price weakens from anticipation, not execution.
ETH’s short-term moving averages are compressing above price and acting as dynamic resistance, keeping rebounds shallow. Meanwhile, volatility has contracted, signaling equilibrium formation rather than trend continuation. As long as ETH price remains capped under the former range, the structure favors continuation pressure. A decisive close back above $2,080 would invalidate the breakdown and shift momentum neutral-to-bullish. On the other hand, a break below the $1800 support mark may push ETH toward $1500 in the next sessions.
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