Ethereum has entered a corrective phase after repeatedly failing to break through the resistance zone between $2.44K and $2.51K, with the price now trading around $2.37K. Key support levels identified on the daily chart stand between $2.21K and $2.31K for the first tier, then $2.07K and $2.16K for the second. Sentiment analysis reveals a significant concentration of liquidations between $2.32K and $2.36K, forming a near-term target if the downward move continues. A recovery above the $2.44K-$2.51K resistance zone would reduce selling pressure and bring the $2.57K local high back within reach.
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