Ethereum is trading at $2,107.81, down 5.69% over 24 hours and below its 200-day average of $2,154.89. Binance Futures positioning remains net-long, but aggressive selling has overtaken the tape an...

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Ethereum is under pressure, with the spot price at $2,107.81 after a 5.69% drop on the day. That leaves ETH below its 200-day simple moving average of $2,154.89 and below the daily pivot at $2,137.94, a combination that keeps the near-term trend fragile rather than repaired.

The 24-hour range of $2,246.00 to $2,060.00 shows a market that has already probed lower support and has not yet reclaimed the mid-range. The current price is also just above the lower Bollinger Band at $2,116.30, while the %B reading of -0.0237 signals price is pressing that lower boundary rather than building cleanly above it.

The moving-average stack remains skewed bearish. ETH is below the 7-day SMA at $2,235.94, the 20-day SMA at $2,295.41, the 50-day SMA at $2,472.39, the 12-day EMA at $2,242.10 and the 26-day EMA at $2,317.69. That tells you the rebound has failed to recover short- and medium-term trend markers, not just one isolated level.

Momentum is weak but not washed out. 81 point to an oversold condition. 0000, which suggests bearish momentum is still dominant but not accelerating cleanly from the last read.

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