Ethereum's price action has become increasingly uncertain, with key charts pointing to both short-term support and deeper downside levels.
The daily chart suggests a battle for control around the $2,155 support zone, which could determine whether Ethereum pushes toward $2,400 or drops toward $1,775. If the cryptocurrency holds above this level, it may be able to recover and reach the next marked resistance area near $2,624.
However, if selling pressure continues and Ethereum loses the $2,155 support zone, a drop toward $2,015 could occur. In such a scenario, the chart points to another downside target near the lower green support around $1,775.
The weekly chart provides a broader perspective on Ethereum's price action, showing a channel structure with two major support levels below the current range: $1,550 and $1,070. According to this chart, if Ethereum is still moving inside a parallel channel, these areas would serve as key floors for the cryptocurrency.