Ethereum is trading below $2,200 as it remains trapped in a bearish descending channel. Despite holding above the critical $1,800 support since February, ETH's recovery has been inconsistent. The daily chart shows resistance at the $2,400 level, with the 100-day and 200-day moving averages forming a compressing ceiling. On the 4-hour chart, Ethereum has been consolidating between $2,000 and $2,400, with recent price action testing the $2,150 area. A breakout above $2,400 could signal a bullish shift, potentially targeting $2,800. However, the $1,800 support must hold to maintain the short-term structure. Market sentiment remains uncertain, with inconsistent funding rates reflecting a lack of directional commitment.