Ethereum Faces $2,100 Supertrend and Channel Resistance

⬤ Ethereum continues to encounter resistance as price remains below key technical thresholds, with the Supertrend indicator and channel resistance acting as price barriers On the daily chart, ETH/USD is trading around $1,985, below both the red Supertrend resistance band and the upper range of the channel, indicating that near-term buyers have not yet reclaimed control.

⬤ The chart shows Ethereum maintaining a downtrend since earlier highs, with the Supertrend indicator repeatedly capping rallies and signaling sell conditions when price attempts to climb. Recent price action remains beneath this level, suggesting that resistance pressure persists. In addition to the dynamic Supertrend ceiling, horizontal resistance zones in the $2,100 to $2,250 area and the upper part of the descending channel are highlighted as key obstacles ETH must navigate before a bullish shift can be confirmed.

⬤ Below current price, multiple support zones exist where prior buyer interest emerged. These lower levels, including around $1,800 and roughly $1,600, are marked on the chart as potential downside targets if selling pressure re-intensifies. The On-Balance Volume (OBV) indicator also shows a trendline on the downside, signaling that accumulation has not yet returned strongly enough to overcome resistance congestion. The combination of price capped beneath Supertrend and weakening OBV suggests that volatility may continue within the current range unless one of the resistance barriers breaks decisively.

⬤ The persistence of these technical hurdles keeps Ethereum in a cautionary pattern, as multiple layers of resistance remain unmet despite periodic rebounds. While removal of the Supertrend resistance and a breakout above channel overhead could shift sentiment toward upside continuation, the current pattern indicates that price remains constrained within a broader downtrend. Until these resistance zones are overcome, the structural outlook for Ethereum remains defensive, with downside support areas anchoring near-term price behavior.