Overview
- ETH fell from a recent swing high near $2,385 to a low of $2,025 and is consolidating around $2,020–$2,100 below the 100-hour simple moving average.
- Hourly charts show bearish trend lines capping rebounds at $2,120 and $2,165; clearing those levels could open $2,200–$2,300 in the near term.
- Failure to hold $2,025 puts $2,000 in focus, with further downside risk toward $1,965 and $1,880 outlined by recent technical reads.
- Analyst Ted Pillows notes a potential head-and-shoulders setup and warns a loss of the $2,040 area could accelerate selling.
- Fund flows added pressure last week, with Ethereum spot ETFs posting $59.94 million in net outflows, led by BlackRock’s ETHA at $69.59 million, even as earlier on-chain data showed a surge in active addresses.