Ethereum (ETH) continues to face bearish pressure, trading at $1,967.04, down 1.6% over the past 24 hours. The cryptocurrency experienced a volatile session, with prices ranging from $1,927.71 to $2,030.77, briefly surpassing the $2,000 mark before retreating. Trading volume reached $22.48 billion, with a market cap of $237.34 billion. Technical indicators show Ethereum remains below key moving averages, with the 50-day EMA at $2,512 and the 100-day EMA at $2,834, reinforcing the downtrend. Immediate resistance is seen near $2,100–$2,200, while support is forming around $1,825, with a deeper zone at $1,750. The True Strength Index (TSI) indicates sustained bearish momentum, though it shows signs of stabilizing. Liquidation data reveals a significant imbalance, with $60.24 million in total liquidations over 24 hours, dominated by $42.68 million in long positions. Shorter timeframes show more balanced liquidations, suggesting brief short squeezes amid broader long-side pressure.