Ethereum outlook: what could happen if ETH loses the $2K zone and $1.8K support

Ethereum is trading near $2K after being rejected around the $2.4K resistance area, leaving price sitting on a long-term support confluence that includes an ascending trendline and the $1.8K demand zone. If that cluster breaks, the analysis flags potential downside toward the next support near $1,500, while a recovery would first need to reclaim $2.4K, with $4.8K outlined as a higher target. Sentiment remains cautious as the Coinbase Premium Index has stayed negative through May and recently slipped toward about -0.13, indicating weaker U.S. spot demand.