<ul data-eligibleForWebStory="true"><li>On-chain data indicates strong support for Ethereum near the $2,200 level, with significant supply acquired in that range.</li><li>Analyst Ali Martinez highlighted that if Ethereum falls below $2,200, the next major support zone could be around $1,160.</li><li>Investors who purchased Ethereum in the $2,218 to $2,396 range might react strongly if a retest of that level occurs.</li><li>Ethereum's current price is approximately $2,475, showing resilience above the on-chain demand zone at $2,200.</li></ul>

Ethereum At Risk? If $2,200 Cracks, $1,160 May Be Coming

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