Ethereum’s failed rebound was followed by renewed selling, leaving the price near $2,370 and below its ascending channel. The immediate demand zone is $2,320–$2,360; a sustained close below it could open the way to the daily bullish imbalance around $2,220, which extends to $1,920. On the four-hour chart, a sequence of lower highs and rejection from the $2,470–$2,500 supply zone confirm sellers’ control. The 90-day futures taker CVD has also shifted from neutral to sell-dominant, reinforcing the bearish bias until Ethereum sustainably reclaims the $2,440–$2,520 supply zone.
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