<ul data-eligibleForWebStory="true"><li>Ethereum is showing bearish behavior with a divergence between price action and the RSI indicator.</li><li>The market is consolidating with a breakout likely to determine the next significant move.</li><li>ETH is trading near the $2.8K resistance zone and the 200-day moving average in a consolidation phase.</li><li>A bearish divergence between price and RSI indicates weakening bullish momentum.</li><li>Ethereum has lost support at the 200-day MA and may retest the $2.4K demand zone.</li><li>In the short term, a move towards $2.4K is anticipated due to selling pressure.</li><li>Onchain analysis shows ETH stabilizing above $2.4K but vulnerable to a downside sweep.</li><li>The Binance liquidation heatmap indicates high-liquidity zones that could influence price moves.</li><li>Ethereum faces a key support level at $2.4K; a rebound is possible if it holds.</li></ul>

Ethereum Price Analysis: What’s Next for ETH After 8% Weekly Drop?

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