Ethereum Price Struggles Amid Fragile Market Conditions

Ethereum's price has been struggling to break through the $2.1K resistance zone, a trend that has been persistent despite multiple attempts. According to charts from Daan Crypto Trades and Hardy, the market remains in a fragile state, with support levels at $1.8K holding strong.

The daily chart from Daan Crypto Trades shows a clear supply area between $2,106 and $2,166, which Ethereum has repeatedly failed to surpass. Sellers are consistently stepping in whenever price reaches this zone, keeping the market below the resistance level.

Meanwhile, the $1,808 level remains a crucial support point, as buyers have successfully defended it during earlier pullbacks. Daan highlights the broader $1.8K zone as a key area that bulls need to protect, warning that a drop below this level could lead to a larger decline.