Ethereum Trades Near $2,000 Weekly Support; Analysts Eye Potential Drop to $1,500

Ethereum closed the week at $2,012.20, down 3.71%, and is trading near a key long-term support zone around $2,000 on the weekly chart, analyst CyrilDeFi reports. The level marks the lower boundary of a historical demand zone that has attracted buyers since 2023, but ETH now shows weak momentum and continues to underperform Bitcoin in both structure and strength. A failure to hold $2,000 could open downside toward $1,500, a zone that previously acted as support during the last market cycle. Recent weekly action has formed lower highs and lower lows, while a spike in volume points to heavier selling pressure.