After facing resistance near $2,800, ETH entered a correction and is currently trading around $2,250. The price action has formed a clear downward-sloping channel, with lower highs and lower lows, indicating that sellers remain in control in the short term. ETH is also trading below the previous consolidation zone of $2,350-$2,550, which now serves as an important resistance area.<\/p>\n\n\n\n
On the downside, $2,200-$2,250 represents immediate support, followed by a stronger support zone around $2,050-$2,100. A break below these levels could expose ETH to further downside towards $1,900-$1,950. On the upside, a move above $2,350 could offer some relief, while a sustained breakout above $2,500 would be a key signal of a stronger recovery.<\/p>\n\n\n\n
Also Read: 10 Cryptos to Buy Under $1 in November 2026<\/a><\/strong><\/p>\n\n\n\n Overall, ETH’s daily structure remains bearish in the short term as long as the price continues to trade within the descending channel. However, a breakout above the channel, supported by strong buying volume, could signal a potential trend reversal. Until then, the price may remain under pressure, making the $2,200 support and $2,350 resistance levels important to watch.<\/p>\n\n\n\n At the time of writing, ETH was trading at approximately $2,250.<\/p>\n\n\n\n In the grand scheme of things, ZebPay blogs<\/strong><\/a> are here to provide you with crypto wisdom. Get started today and join 6 million+ registered users to explore endless features on ZebPay<\/strong><\/a>!<\/p>\n\n\n\n![\"\"](\"https:\/\/zebpay.com\/wp-content\/uploads\/2026\/11\/Screenshot-2026-11-03-083637-1024x539.png\")
<\/figure>\n\n\n\nSupport 2<\/span><\/strong><\/td> Support 1<\/span><\/strong><\/td> Asset<\/span><\/strong><\/td> Resistance 1<\/span><\/strong><\/td> Resistance 2<\/span><\/strong><\/td><\/tr> $2,100<\/td> $2,200<\/td> ETH<\/strong><\/td> $2,550<\/td> $2,700<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n