CryptoPotato
Ethereum Double Rejection at $2K Spells More Trouble Ahead
August 2, 2026•11:30 AM
After several failed attempts to extend its recovery, Ethereum is beginning to show signs of exhaustion beneath the major 100-day MA. The latest rejection from this zone has weakened short-term momentum and increases the probability of a broader pullback if key support levels fail to hold. Traders and investors are closely watching ETH's behavior as the double rejection at $2K represents a significant hurdle for any upward movement. A break below critical supports could trigger a wave of selling, while a recovery above this resistance could signal a new push toward higher levels.
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