Ether Retreats From $2.8K as $2.5K Level Becomes Key to Bullish Structure

ETHUSD: mixed, with a fragile bullish bias only while support holds. The rejection near $2,800 and weaker four-hour momentum leave ETH vulnerable to further consolidation; the article identifies $2,600–$2,700 as resistance and $2,400–$2,500 as the key support zone. A sustained daily close above resistance would strengthen the recovery case and bring $3,000 into focus. A break below roughly $2,450 would weaken that structure, with the article citing about $2,250 as the next chart area; a deeper decline toward $2,100 would put the longer-term trend more seriously to the test.

The falling exchange-supply ratio may imply less ETH readily available on exchanges to sell, but it does not establish that demand is strong enough to overcome resistance. For traders, the key confirmation is whether ETH can reclaim resistance or instead lose support; broader crypto risk appetite and follow-through demand could determine whether the pullback stays corrective or becomes a more significant reversal.