Ethereum's recent technical analysis indicates a short-term bearish outlook, with the cryptocurrency closing last week at $2,190, marking a 3.85% increase. Despite this rise, the daily chart reveals resistance near $2,300, with bearish patterns such as a bearish engulfing and evening star emerging. These patterns, combined with the SAR indicator, suggest pressure and a potential downward correction. A break below $2,150 could lead to further declines towards $2,050 and $2,000. Current trading strategies focus on selling rallies below resistance levels, with key support identified between $2,200 and $2,170. Traders are advised to watch for a break below $2,150 to target $2,100, while a move above $2,200 could test resistance at $2,250–$2,270.