Ethereum technical outlook: ETH tests $2K as sellers defend $2.4K zone

Ethereum is trading near the $2K area after repeated rejections around $2.4K and a break below a multi-month ascending triangle on the daily chart. Price is also below the 100-day moving average near $2.2K and the declining 200-day moving average around $2.5K, keeping the broader bias tilted bearish. Sentiment remains cautious, with the Taker Buy Sell Ratio near 0.98, suggesting aggressive buying is still limited.