- Ethereum faced rejection near $2,500 FVG, triggering a correction toward the $1,930–$2,100 demand zone.
- Breakdown from Ethereum’s rising channel suggests a move toward $2,200 support, aligning with key technical levels.
- The $1,810–$2,100 area combines bullish order blocks and FVGs, offering a high-probability zone for price rebound.
Ethereum is experiencing a pullback following rejection from an area of key resistance. Traders are keeping an eye on the $1,800– $2,100 area as possible support for the price.
Rejection at $2,500 Triggers Correction Phase
Ethereum recently encountered rejection near the $2,500 Fair Value Gap (FVG), sparking a correction in price action. This rejection coincides with a known inefficiency zone, pointing to reduced buying momentum at higher levels.
According to CryptoPatel, Ethereum is entering a correction that could lead the asset toward the $1,930–$2,100 FVG. This area also intersects with a bullish order block near $1,810, which has historically served as a strong support region.
This confluence increases the chances of a potential bullish re-entry, especially if price stabilizes and demand resumes. Institutional interest often returns near such zones, where past price action has led to upward moves.
Rising Channel Breakdown Fuels Short-Term Bearish Outlook
In a separate technical update, another analyst JunaidDar85 noted that Ethereum has broken down from its rising channel on the 1-hour chart, currently trading around $2,506. This breakdown of the pattern implies a change in short-term momentum and opens the door for further decline to $2,200.
The price movement is following the shift, with Ethereum trading at $2,482.82 at press time and decreasing 4.81% in the previous 24 hours. Nevertheless, the asset continues to post a 4.02% increase for the past week, showing continued demand from traders despite the correction.
The combined chart patterns and technical levels suggest that the $2,200 zone, followed by the $1,930–$2,100 range, may serve as the next areas of focus for support seekers.
Key Levels to Watch for Bullish Reversal
The $1,810–$2,100 range presents a strong technical foundation due to its overlap with an FVG and bullish order block. This region could attract demand if ETH price begins to show bullish formations or increased volume.
A rounded retracement into this area followed by support confirmation may trigger a gradual recovery. If momentum builds, Ethereum could aim for the next FVG between $2,800–$3,200. A break above this range could open the path to $4,000–$5,000.
For now, Ethereum traders remain focused on how price reacts within the $1,800–$2,100 demand zone, which may determine the asset’s next major direction.
