<ul><li>Ethereum faces strong resistance near the critical 200-day moving average at $2.7K, hinting at a potential bearish reversal.</li><li>Lack of sustained buying momentum suggests a likely prolonged consolidation phase towards the $2.2K support zone in the mid-term.</li><li>Technical analysis shows ETH struggling below the 200-day moving average, forming a distribution range, and potential corrective move towards $2.2K.</li><li>On-chain analysis reveals increased whale activity within the $2.5K to $2.8K resistance band, indicating a possible shift in momentum and potential consolidation or pullback in the mid-term.</li></ul>

Will ETH Retest the $2K Support as Momentum Fades? Ethereum Price Analysis

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