Ethereum Price Faces $1.5K Risk After Rejection at Key $2.3K Level – Bearish Blues!

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  • Ethereum is stuck below 2.3K like a hamster on a wheel, with sellers clearly still in charge.
  • Watch out! If Ethereum breaks below 1.8K, the crypto rollercoaster could head straight for the $1.7K to $1.5K pit of despair.
  • Weak buying and strong sell-offs scream “no reversal” – buckle up, folks.

Ethereum’s price keeps sliding faster than my Wi-Fi when I need it most, after it couldn’t break past the $2,300 wall. Looks like sellers are throwing a victory parade in the market structure.

Crypto Candy, the wise oracle of digital doom, shared that Ethereum’s price has dropped more than 8% since the last update. Oh, joy! Just as predicted, it followed the bearish path like a loyal puppy. Currently, Ethereum is hovering around $1,800, while the selling pressure stays as heavy as my post-pizza guilt.

Ethereum Market Structure: Still a Bear’s Playground

Crypto Candy observed Ethereum’s daily time frame, and guess what? It’s still in a downward spiral. Yup, those lower highs and lows tell a sad, familiar tale.

The chart screams “ouch” as it shows Ethereum hitting a dead end at $3,400 to $3,600, where it tried to break free but was knocked down by selling pressure. I mean, who’s in charge here, the bears or the price?

And let’s not forget that the January sell-off turned support levels into speed bumps on the road to oblivion. $2,800? Gone. $2,600? See ya. $2,300? R.I.P. Buyers just couldn’t hold the fort.

Now, Ethereum’s acting all sad and consolidated, like it’s waiting for a miracle. Spoiler alert: consolidation often means “Hey, we’re not bouncing back anytime soon.” So yeah, it’s still under that resistance zone, and Crypto Candy isn’t holding her breath for a turn around.

ETH is moving as expected, dropping over 8% since last time. The $2.3K-$2.1K zone is still a fortress. If things keep tanking, Ethereum might see the dreaded $1.7K-$1.5K range, or worse…

– Crypto Candy🔥💎 (@cryptocandy24x)

Resistance Zone Holds Near $2.3K – Still Stuck Like a Bad Date

The $2,300 to $2,100 zone is like a force field. Crypto Candy called it a “no-go” area for any recovery attempts. This zone used to be the golden support in December and January. Now? It’s more like the Bermuda Triangle of crypto.

After Ethereum got knocked out, it tried to visit this area again, only to get shot down by strong selling pressure. Buyers? Nowhere to be found. It’s like watching someone try to salvage a first date – too much effort, no payoff. The support turned resistance just turned its back.

The chart’s flashing warning signs with those long upper wicks and weak closes. It’s like trying to fix your broken phone with duct tape-buyers just aren’t showing up. Analysts are holding firm in their bearish stance. Nothing to see here, move along.

Support Levels and Downside Targets – Brace for Impact

Ethereum is currently chilling just above the $1,800 to $1,750 support zone. Crypto Candy’s got her eye on this as the immediate “let’s hope it doesn’t crash” area. But if Ethereum closes below it? Buckle up, we’re in for a fast ride down.

The next stop on this emotional rollercoaster? $1,700 to $1,500. This zone was once a haven for Ethereum lovers. Now it’s just a pit of historical accumulation. Oh, how the mighty have fallen.

If panic selling kicks in? We might see even deeper support levels below $1,500, but don’t hold your breath unless the bears keep pounding on this market like a drum. For now, $1,700 to $1,500 is where all eyes are.

Market Sentiment and Ethereum Price Data – A Cautionary Tale

Ted Pillows (who sounds like a character straight out of a sitcom) reported Ethereum dipping towards $1,800, and guess what? No buyers. Yep, they’re still sitting this one out. Ted predicts Ethereum could sweep those recent lows, but hey, maybe there’s a short-term bounce somewhere down the line.

Ethereum dropped to the $1,800 level without any buyer intervention.

No demand means Ethereum might sweep this month’s lows.

After that? A potential bounce, who knows?

– Ted (@TedPillows)

According to the latest from CoinGecko, Ethereum is trading at a breathtaking $1,822.68. It’s like watching your favorite team lose and then realizing you’ve lost money too. In the past 24 hours, it dropped 5.19%, and over the past week, it’s tanked 7.35%. A true disaster, folks!

Crypto Candy says momentum is still bearish, like a bear on roller skates, speeding down a hill. The market’s moving from distribution to potential capitulation-whatever that means. Buyers? Yeah, they’re hesitant on every bounce, like someone trying to get out of a bad relationship.

To invalidate the bearish trend, we need Ethereum to close above $2,300. But that would require holding higher lows. Otherwise, any up move is just another corrective rally inside this downward spiral. Fingers crossed, though!

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2026-02-24 17:47