Ethereum Technical Outlook: ETH at $2,080 Eyes $1.8K Unless Bulls Retake $2.2K

Ethereum is trading around $2,080 after sliding from the mid-May rejection near $2.4K, with the 100-day moving average near ~$2.2k acting as resistance. The daily structure shows weakening momentum and a key downside reference at the $1.8K demand zone, while the 4-hour chart outlines a possible inverse head-and-shoulders that would need a close above ~$2.15K to confirm. On-chain, exchange reserves are cited at 14.8M ETH, with a recent rise from 14.4M in early May worth watching for potential sell-side pressure.