Traders Watch $2,200 Support, $2,400 Resistance for Ether

Ether fell about 5% over the past two days, slipping below $2,300 and trading above $2,000 as market participants focused on $2,200 for near-term support and $2,400 for resistance. The price was positioned between the 100-day exponential moving average near $2,350 and the 100-day simple moving average close to $2,220.

Market data show Ether erased weekend gains and remained wedged between those moving averages. Traders and technical analysts say a decisive, volume-backed breakout above the upper band or a breakdown below the lower band would clarify the short-term trend.

A technical analyst on Telegram warned that after losing the $2,300 trendline, “we can probably expect Ethereum to drop, and it might even hit the lower support level in the next few days,” adding that “a solid breakdown with good volume would confirm this.” The analyst referred to the $2,200 area, where the 50-day and 100-day simple moving averages converge, and the $2,000 psychological level.

On social media, analyst Ted Pillows wrote that $2,200 could provide a short-term bounce and identified $1,800 to $1,750 as a deeper buy range aligned with Ether’s multi-year low reached on Feb. 6. Trader Daan Crypto Trades listed $2,100 as immediate support and pointed to $2,800 as a longer-term resistance level.

CryptoQuant analyst CW8900 wrote that reclaiming $2,400 would move some large holders into profit and could strengthen their buying power. Exchange liquidation data show a break above $2,400 would place more than $1.94 billion in short positions at risk of liquidation across exchanges.

Traders are watching for either a daily close below the moving averages clustered around $2,200 or a sustained move above $2,400 as indicators of the next directional move. Until one of those outcomes occurs, price action has largely remained range-bound between the identified levels while market participants adjust orders and positions.