Ethereum Stuck Below $2,550: Is a Deeper Correction Looming?

Ethereum Struggles to Break $2,550 Resistance

Ethereum's price action remains under significant pressure, as the second-largest cryptocurrency repeatedly fails to overcome the critical $2,550 barrier. Over the past 24 hours, ETH once again faced rejection at this level, sparking a fresh downside movement and signaling a potential shift toward bearish territory.

 

Key Technical Barriers and Market Structure

The $2,550 zone is now established as a formidable resistance for Ethereum, comprising several high-importance technical elements. Notably, the area aligns with the 0.618 Fibonacci retracement, the point of control (POC) for recent trading volume, and a robust high time frame (HTF) resistance. After more than a week of failed attempts, this cluster has proven tough for bulls to breach.

Recent price action has triggered a short-term market structure breakdown, as ETH set a new local low without a significant surge in trading volume. The absence of strong buying interest suggests a weakening bullish momentum, potentially opening the door to further downside risk.

 

Bulls vs. Bears: Battle Lines Drawn

The persistent failures at $2,550 have intensified the battle between Ethereum bulls and bears. With market structure now broken on lower timeframes and no notable volume increases, there are signs that ETH is entering a range-bound consolidation phase. The immediate support to watch lies near $2,220—a region defined by both a high time frame demand zone and an unfilled fair value gap. This convergence enhances the significance of $2,220 as a potential target if bearish momentum continues.

 

What’s Next for Ethereum Price?

Unless Ethereum can decisively reclaim $2,550 with support from increasing trading volume, the current stalemate is likely to persist. Traders should monitor for either a strong breakout above resistance—which would renew hopes for bullish continuation—or a retest of the $2,220 support area. If the $2,550 resistance remains unbroken and buyer interest stays muted, a decline toward $2,220 looks increasingly probable.

In the meantime, Ethereum is expected to trade within the established range between $2,550 and $2,220. Market participants are advised to stay vigilant for any shift in momentum or breakout, as these zones will be crucial in determining the next significant trend in the cryptocurrency market.