ETH Price Prediction: $1,950 Retest Before Bounce as Bulls Get Squeezed
The Immediate Setup Ethereum is bleeding slowly but steadily, trading 17% below its 200-day moving average at $2,535 while momentum indicators flash warning signs. With RSI at 38.19 and sitting just above oversold territory, the selling pressure isn‘t panic-driven yet, but it’s persistent. The MACD flatline at zero signals complete momentum exhaustion, creating a coiled spring effect that historically precedes violent moves in either direction. Current price action at $2,100 puts ETH dangerously close to the lower Bollinger Band at $2,009, where Blockchain.news data shows previous major reversals have occurred. The 24-hour volume of $339 million reflects institutional disinterest rather than retail capitulation, suggesting the real test lies ahead. Key Levels Exposed The immediate battlefield centers on $2,076 support, which aligns perfectly with recent swing lows and the psychological $2,000 level. Break this, and ETH faces an unobstructed path to $1,950-$2,000, where the lower Bollinger Band will likely provide the final stand for bulls. Upside resistance tells an equally compelling story. The 7-day SMA at $2,108 has already been breached, while the 20-day at $2,199 now serves as the primary rejection zone. Any sustainable recovery needs to reclaim $2,166 resistance with conviction, followed by a push toward $2,300 where the 50-day moving average waits. The technical