Ethereum (ETH) Faces Critical Test at $2,150 as Selling Pressure Mounts

Quick Overview

• Ethereum currently trades near $2,056 following multiple failures to breach the $2,150 resistance barrier
• Binance witnessed over $1 billion in ETH futures liquidations in just 60 minutes after Trump’s Iran strike statements
• Network metrics reveal approximately 788,000 daily active addresses, approaching historical peaks
• Critical support zones include $1,900, $1,800, and the 2026 bottom at $1,736
• Both RSI at 34 and MACD at -15 signal continued bearish momentum

Ethereum remains confined within a narrow trading channel, hovering near $2,056 following seven consecutive failures to overcome the stubborn $2,150 resistance zone. This threshold has successfully blocked upward momentum for two consecutive months.

ETH declined from approximately $2,132 to the $2,040 region during the last 24-hour period. Throughout the previous seven days, the asset has shed roughly 5% of its value.

President Donald Trump’s statements regarding military operations against Iran triggered widespread market turbulence. Trump indicated US forces are nearing completion of “Operation Epic Fury” and suggested possible attacks on Iranian energy infrastructure. The announcement drove oil prices higher while triggering crypto market selloffs.

Cryptocurrency analyst Darkfost highlighted on X that Ethereum futures selling volume on Binance surged by $1 billion in just 60 minutes after Trump’s public comments. This sudden wave of selling activity drove ETH decisively below the $2,150 threshold.

According to CoinGlass liquidation metrics, approximately $2.4 billion in long positions face liquidation risk clustered around $1,845, while short positions totaling $1.7 billion sit near $2,255. This asymmetry indicates greater downside liquidity vulnerability than upside potential.

Critical Support Zones Under Watch

Should Ethereum break below its current ascending trendline support, market attention will likely turn toward $1,900, where equal lows from early March are positioned. A breach of $1,900 could expose the annual low established at $1,736.

Beyond that level, analyst Minga identifies $1,537 as the subsequent major support target, coinciding with weekly equal lows. A comprehensive macro trend reversal might necessitate testing the $1,384 low, potentially extending toward the $1,190–$1,148 zone as a candidate for the cycle floor.

ETH currently trades close to its 200-period exponential moving average positioned around $2,104. Analyst CyrilXBT observed that Ethereum briefly rallied to $2,400 in mid-March before reversing lower without confirming sustained upward momentum.

On-Chain Metrics Show Resilience

Despite prevailing price weakness, Ethereum’s underlying network health remains robust. Santiment analytics indicate roughly 788,000 daily active addresses interacting with the network, approaching all-time record levels.

The 14-period Relative Strength Index registers at 34, hovering just above oversold conditions but remaining below the neutral 50 threshold. The MACD indicator (12,26) displays a reading of -15, confirming that near-term momentum continues to favor sellers.

A decisive daily candle close above $2,150 would represent the initial confirmation of bullish strength returning. Should ETH successfully breach $2,400, the subsequent area of interest lies around $2,800, a zone that has witnessed minimal trading volume over the past half-year.

Ethereum continues trading within its established range near the $2,000 level, with $2,150 functioning as overhead resistance and $1,900 serving as the immediate downside target.

The post Ethereum (ETH) Faces Critical Test at $2,150 as Selling Pressure Mounts appeared first on Blockonomi.

Source: https://blockonomi.com/ethereum-eth-faces-critical-test-at-2150-as-selling-pressure-mounts/