Ethereum is under significant pressure, unable to reclaim the $2,000 mark, with lackluster whale accumulation contributing to bearish sentiment. Market watchers are particularly attentive to critical support levels that may indicate further decline.

If Ethereum stabilizes, it may challenge crucial resistance levels, with potential upside toward $2,106. Conversely, failure to hold current support could prompt declines toward $1,759 or below, marking a critical juncture for the asset.