Ethereum (ETH) Tests $2,360 Support as Lower Highs Persist

ETH Presses a $2,360 Shelf

Ethereum (ETH) price action has narrowed into a tight band on the daily chart: the asset sits between the $2,360 lower edge and the $2,440 upper edge of a demand zone, with spot quotes near $2,366 late Sunday. The zone has drawn buying responses several times, and recent candles carry lower wicks that point to interest beneath the consolidation. Those reactions have not turned into a sustained recovery. Since losing the midpoint of a broader ascending channel, Ethereum (ETH) has kept printing lower highs, and each rebound has stopped lower than the one before it, which keeps the immediate structure fragile. The demand zone overlaps the lower boundary of that ascending channel, making it the densest point on the current support and resistance map. The sequence for buyers runs upward: reclaim $2,440 first, then clear the $2,500-$2,560 resistance area before any claim of improving strength. Holding the confluence keeps a recovery toward the former consolidation at $2,670-$2,740 on the map. The downside condition is equally specific. A decisive daily close beneath $2,360 and the channel boundary would weaken the broader recovery structure and lift the risk of a deeper correction toward $2,200. Context matters here as well. The current band formed after the sharp early-October selloff, and the market has spent the better part of two weeks inside it. Sunday's quote, down about 1.6% over 24 hours, leaves ether within reach of the zone's lower edge rather than above it, so the next daily close carries the weight of the whole structure.

Liquidation Cluster Waits Below $2,200

The 4-hour chart frames the shorter picture. Ethereum (ETH) has traded inside a descending channel since the early-October selloff, and repeated rebounds have failed at the upper trendline, with the latest candles consolidating inside the $2,360-$2,440 zone. Rebounds have stalled at the trendline rather than at round-number levels, which is why the $2,450-$2,470 band, where the trendline and short-term resistance meet, carries the recovery case. A sustained break above both the zone's upper boundary and that trendline would interrupt the bearish structure and open the path toward $2,500-$2,580. Until it happens, another test of $2,350 remains in play. Losing that level would expose the wick lows near $2,320, then the $2,200-$2,270 demand zone, with the channel's lower boundary approaching the same region from above. The deeper layer sits below price. The one-month liquidation heatmap, which estimates where leveraged positions face forced closure, marks a concentrated band at $2,150-$2,200, above the psychological $2,000 threshold, and it has stayed visible across several sessions. The band becomes relevant if the $2,360 support and the ascending structure give way: declines toward $2,200 could trigger long liquidations and accelerate the move into that liquidity pool. Its overlap with the $2,200-$2,270 demand zone adds weight to the broader area. A cluster maps potential forced-selling exposure, not guaranteed support, and a recovery above nearby resistance would push it out of focus. From the live tape, the quote has moved less than a tenth of a percent since the newest daily reading landed on Sunday, leaving both edges in play within a single daily range, an unusually tight setup for ether at this point in a correction.

Reading the Edges From $2,366

Our composite scoring puts a strong floor at $2,318.71, rated 89 out of 100, and a strong ceiling at $2,468.51, rated 74 out of 100. Ether, the asset of the largest smart contract network, reads 34.94 on the RSI with a bearish MACD signal and a downtrend label on the same grid, which a full Ethereum technical analysis view tracks in real time. Positioning leans long while the trend points down: perp funding holds mildly positive at 0.0023%, and the long/short account ratio sits at 2.54, with 71.8% of accounts long. The drawdown has also coincided with continued ETF outflows, and BlackRock's ETHA led the latest weekly tally. Spot, read at $2,365.87 on Sunday, sits about $47 above the scored floor and $103 beneath the scored ceiling.