Ethereum slips below $2,000 as traders watch the $1,900 to $1,980 demand zone

ETH has broken below the ascending channel and the $2,000 level, trading near $1,940 with an intraday wick under $1,900 and testing the $1,900 to $1,980 daily demand zone. Price is below the 50-day and 100-day averages at roughly $2,150 and $2,380 (as labelled on the chart), and the 4-hour structure shows lower highs and lower lows. Key levels: $1,830 to $1,870 (August consolidation lows), $1,520 to $1,570 (deeper support), $2,040 to $2,100 (short-term supply) and $2,200 to $2,290 (overhead supply). Binance◼ liquidation heatmap shows concentration near $1,800 to $1,860 below and $1,940 to $1,980 above.

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