Ethereum Approaches Critical Support at $2,100
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 16h ago- Liquidity Cluster: Ethereum is sliding toward the $2,100 area, where market analyst Osemka highlights a significant liquidity concentration that may act as a key price magnet, influencing future directional moves if breached.
- Technical Support Band: Ethereum is testing the $2,100 to $2,200 technical support band, which has historically served as a pivot point; stabilizing above this range could trigger a short-term rebound.
- Momentum Indicator Analysis: The daily RSI is nearing oversold territory, indicating a potential weakening of selling pressure; historical patterns suggest that similar conditions often precede sharp countertrend moves if buyers step in.
- Market Sentiment Shift: The current liquidity imbalance limits immediate upside potential, and if Ethereum fails to hold above the $2,100 support, it may continue to face downward pressure, making this price level critical to monitor.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
