Ethereum Faces Fresh Pressure After Another Failed $2,400 Reclaim Attempt

Ethereum trades near $2,330 after another failed $2,400 reclaim, with support at $2,280–$2,300 and resistance at $2,555.

Ethereum faced renewed selling pressure after another failed attempt to reclaim the $2,400 level.

ETH was trading near $2,330 on the daily chart, after rebounding from the lower area near $2,000.

The latest move kept market attention on short-term support between $2,280 and $2,300, while wider resistance remains above the current price range.

ETH Struggles Below the $2,400 Level

Ethereum again failed to hold above the $2,400 area, which remains a key short-term level. Traders have watched this zone closely during recent recovery attempts.

Market analyst said, “Every time Ethereum has tried to reclaim the $2,400 level, something bad has hit the markets.” The statement reflects the cautious view around this price area.

ETH is now moving near $2,330, based on the daily chart. The asset recovered from the lower price zone near $2,000, but it has not regained stronger resistance.

The current structure shows ETH trading below major Fibonacci retracement levels. This keeps the broader chart in a cautious position, even as buyers defend nearby support.

Support Range Sits Near $2,280 to $2,300

The next support area for Ethereum stands between $2,280 and $2,300. Analysts are watching this range because it may support another rebound.

If ETH holds this zone, buyers may try to push the price back toward $2,400. A failure there could bring renewed selling pressure.

A deeper support level is also visible near $2,053. This level matches the 1.0 Fibonacci level shown on the chart.

ETH recently bounced from that region, so buyers may defend it again. A daily close below $2,053 could weaken the recovery.

Such a move may expose lower zones near $1,800 and $1,600. These areas are watched by traders during wider market pullbacks.

CoinMarketCap data shows Ethereum trading at $2,328.83 with a market cap of $281.05 billion.

Its 24-hour volume stands at $21.89 billion, rising 99.74% over the same period.

The volume-to-market-cap ratio is 7.78%, showing active trading compared with its valuation.

Ethereum’s circulating supply is 120.68 million ETH, while its maximum supply is listed as unlimited.

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Resistance Levels Limit Recovery Attempt

Immediate resistance sits near $2,555, which marks the 0.786 Fibonacci level. ETH remains below this level on the daily chart.

A clear daily close above $2,555 could show stronger buyer demand. It may also open a path toward the $2,940 area.

The next resistance levels are near $2,940 and $3,220. These match the 0.618 and 0.5 Fibonacci zones on the chart.

If ETH breaks above these levels with volume, the recovery could extend further. The next areas to watch would be $3,500 and $3,845.

For now, the chart shows that Ethereum remains in recovery mode. However, it has not confirmed a broad trend reversal.

The trendline drawn from lower levels toward prior highs was not held. This shows that ETH lost part of its earlier upward structure.

Momentum indicators also show a mixed setup. The RSI is near 53, which places it above the midpoint.

That reading shows some buyer activity, but it is not overbought. It also does not confirm strong upside momentum.

The MACD remains close to the zero line. Its signal lines are near each other, while the histogram is slightly weak.

Ethereum trades below $2,400 as RSI and MACD remain neutral. Source: TradingView.

This setup suggests that Ethereum may keep moving sideways. A stronger move may need a breakout above resistance or a drop below support.

Traders are now focused on four main levels. These are $2,280 to $2,300, $2,053, $2,555, and $2,940.

Ethereum’s next move may depend on whether buyers defend nearby support. Sellers may gain control if ETH loses the $2,053 zone.

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