Ethereum

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when

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<p>Ethereum (ETH) has seen a significant price correction, shedding approximately 13% over the past week, a move that has led it to lose a key local range and test critical support levels. Crypto analyst Daan Crypto Trades <strong><a href="https://x.com/DaanCrypto/status/1937161307980996648" rel="noopener noreferrer nofollow">highlights</a></strong> that Ethereum is now back to its familiar behavior: bouncing between established support and resistance zones.</p>
<p>According to Daan Crypto Trades, Ethereum “indeed lost its local range and tested the $2.1K level which was the main support level we were looking for.” This indicates that the recent downturn was severe enough to push ETH to a pivotal point previously identified as a crucial floor for its price.</p>
<p>Currently, the analyst observes that Ethereum is “doing what it does best which is bouncing between the $2.1K &amp; $2.8K support/resistance levels.”</p>
<p><img loading="lazy" src="https://coindoo.com/wp-content/uploads/2025/06/GuIt7jhXsAAfYOi.jpeg" alt="" width="1200" height="725"></p>
<p>This suggests that despite the recent sharp decline, <strong><a href="https://coindoo.com/cryptocurrencies/ethereum/" rel="noopener noreferrer nofollow">ETH</a></strong> is finding temporary stability within these established boundaries. The $2.1K mark is acting as a strong support, while $2.8K is presenting significant resistance, preventing further upward movement for now.</p>
<p>Daan Crypto Trades emphasizes treating this as part of a “larger range.” The sentiment in the market around these levels is described as a common pattern: “Most of what we’re seeing is people getting bullish at resistance and bearish at support.” This implies that traders are buying when the price approaches $2.1K and selling as it nears $2.8K.</p>
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<p>For the immediate future, these two levels — $2.1K as support and $2.8K as resistance — are deemed critical. The market’s reaction to these boundaries will likely dictate Ethereum’s short-to-medium term trajectory. If the $2.1K support holds strong, Ethereum might continue to consolidate within this range.</p>
<p>However, a decisive break below this level could signal further downside, while a sustained push above $2.8K would indicate a potential shift back towards more bullish momentum. Investors are advised to closely watch these key levels for clues on Ethereum’s next significant move.</p>
<p>The post <a href="https://coindoo.com/market/what-could-be-next-for-ethereum-after-losing-13-in-a-week/" rel="noopener noreferrer nofollow">What Could Be Next for Ethereum After Losing 13% in a Week?</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

What Could Be Next for Ethereum After Losing 13% in a Week?

Coindoo.com

Other articles published on Jun 23, 2025

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