Ethereum Price Analysis: ETH Recovers to $2.3K, but Bears Still Eye $2K

Ethereum was changing hands near $2.3K after a bounce failed to undo a downtrend that followed the loss of an upward-sloping daily trading channel, and sellers rejected a move into the $2.44K-$2.52K band. The latest slide briefly touched $2.17K and then recovered modestly, though ETH struggled to stay above $2.26K; the nearby support zone was $2.17K-$2.22K, with $2K and $1.82K-$1.98K lower down. On the four-hour chart, ETH traded around $2.25K in a descending channel after a rebound to $2.31K failed, while a Binance ETH/USDT liquidation heatmap showed estimated clusters of potential forced-sale levels at $2.15K-$2.20K and $2K-$2.05K.