Ethereum Price Analysis: Is $2K in Play as Bearish Sentiment Builds?

Ethereum is trading near $2.37K after its rebound stalled in the $2.44K–$2.52K supply zone and the price broke below the lower boundary of its ascending channel amid renewed selling. Immediate support is the $2.32K–$2.36K demand zone, which has produced sharp rebounds when retested; a sustained close below it would expose the upper edge of a bullish imbalance, or BISI, around $2.22K, an area left by August’s rapid advance that extends to $1.92K. A futures taker CVD measure of aggressive order flow over 90 days has moved from neutral to sell-dominant. Buyers would need to reclaim the broken channel and establish acceptance above the $2.44K–$2.52K supply zone to weaken the bearish outlook.