Ethereum's price has slipped below the lower end of its recent range, trading near $2.37K after failing to hold above the $2.44K-$2.51K resistance zone. Buyers have repeatedly tried and failed to establish acceptance above that zone, and the 4-hour chart now shows a break below the $2.43K-$2.51K range. That puts the next support levels squarely in focus.
Why the $2.44K-$2.51K zone mattered
That resistance band has been the ceiling for weeks. Each attempt to push through has been met with selling, and the latest failure has left the short-term structure looking weak. On the 4-hour chart, recent rebounds are becoming less effective — each bounce is shallower than the last. That's a classic sign of fading momentum, and it's why the break below the range carries weight.
Support levels to watch
Fibonacci retracement levels put key support at $2.21K (0.5) and $2.13K (0.618). Those levels overlap with the $2.07K-$2.16K support zone, which makes the $2.07K-$2.21K area a potential demand zone. The first major technical pullback zone sits around $2.21K-$2.31K, with the next significant support at $2.07K-$2.12K. If the decline continues, that's where buyers are likely to step in.
Liquidation heatmap points lower
The liquidation heatmap shows a substantial concentration of liquidity around $2.32K-$2.36K. That cluster could act as a near-term target if the decline keeps going. The liquidation data aligns with the weakening technical structure, suggesting a potential sweep of downside liquidity before a larger correction. In plain terms: the market may hunt for stop losses and liquidations below current prices before finding a real floor.
What could flip the setup
A recovery back above the $2.44K-$2.51K resistance zone would reduce bearish pressure and put the $2.57K local high back in focus. That's the level to watch for a reversal. Until then, the path of least resistance looks lower, with the $2.21K-$2.31K area as the first real test.
