Ether (ETH) looks increasingly vulnerable to a drop toward the low-$1,700s if bulls cannot secure daily closes above the $2,150–$2,400 band. Price action is being shaped by macro headlines and geopolitical risk appetite, and more than $1 billion of futures-driven selling has raised the odds of a revisit to the $1,800 area.
The main technical hurdle is the $2,150 zone. Repeated rejections near $2,150 have capped rallies — that area has acted as resistance roughly seven times over the past two months. Although the daily chart still shows an overall pattern of higher highs and higher lows, an ascending trendline and the $2,150 cap remain the dominant controls on price. A decisive break below the trendline would shift focus to $1,900, where liquidity clusters around equal lows from early March. Losing $1,900 would break structure and could expose liquidity down toward the year-to-date low near $1,736.
Liquidation data highlights a skewed liquidity profile. Across an approximate 10% band from about $1,845 to $2,255, roughly $2.4 billion of potential long liquidations sit near the lower bound (~$1,845) while about $1.7 billion of short liquidations concentrate near the upper bound (~$2,255). That imbalance means downside liquidity is larger, but short positioning has not become overwhelmingly crowded — implying more passive short exposure rather than aggressive conviction selling. For now, price remains compressed beneath resistance with buyers struggling to reclaim control above $2,150.
Futures selling accelerated after geopolitical comments raised tensions, with analysts noting about a $1 billion jump in Binance ether futures sell volume within an hour of the headlines. Even after that spike, ETH was still trading just below $2,150; a sustained daily close above that level would open a path toward $2,400, where resistance thins. Clearing $2,400 could target an expansion zone near $2,800, an area with limited trading activity over recent months. Absent that breakout, the nearer pivot of $1,900 remains the key downside threshold.
This information is for informational purposes only and does not constitute investment advice. All trades and investments carry risk; readers should do their own research before acting.