Ethereum Price Outlook After 15% Weekly Slide: Key $2.5K Demand Zone Under Pressure

Ethereum has dropped about 15% over the past week and is now trading below its former ascending structure, testing a demand area near $2.5K while staying under the $3K psychological barrier. Price action on both the daily and 4-hour charts points to a dominant bearish bias, with any rebounds toward $2.7K–$3K likely facing renewed selling. A dense cluster of liquidations is building around and below $2.5K, making this zone pivotal for whether ETH stabilizes or extends its decline.