Update
Ethereum Price Analysis: Worst-Case Scenario
Ethereum is stabilizing around $2.5K after testing demand near $2.4K, with buyers defending recent lows but facing resistance that could lead to further declines. The price remains within an ascending channel with key resistance at $2.56K–$2.58K and significant support at the $2.36K–$2.46K demand zone. Liquidation heatmaps indicate potential volatility, with significant liquidation concentrations above $2.58K and below $2.48K.