Ethereum price today: $2,130
- Ethereum is trading above $2,100 following President Trump’s statement that the United States is in the final stages of negotiations with Iran.
- US sentiment towards Ethereum continues to decline following 7 consecutive days of outflows $ETH ETF.
- The bulls are defending the $2,108 support level.
Ethereum ($ETH) remains above $2,100 on Wednesday following the latest developments surrounding the US-Iran crisis. US President Donald Trump has said talks with Iran are in the final stages but warned of further attacks if a deal is not reached.
“We’re at the endgame with Iran. Let’s see what happens. Either we get a deal or we get a little messy, but I hope that doesn’t happen,” Trump told reporters Wednesday.
Against this backdrop, amid strong inflation and rising U.S. bond yields, $ETH Investments among US investors continue to decline, as evidenced by the Coinbase Premium Index, which serves as a measure of US investor sentiment.
index to compare $ETHPrices on Coinbase and Binance have fallen deeper into negative territory, continuing the downward trend that began in late April.
usa spot $ETH Exchange-traded funds (ETFs) recorded their seventh straight day of negative flows, after posting $62.3 million in net outflows on Tuesday, confirming the region’s risk-off sentiment, according to SoSoValue data.
On the derivatives side, Ethereum futures open interest added approximately $500,000 $ETH Since Monday, it has partially closed the gap to more than 1 million people. $ETH to fall over the next weekend Strong long-term liquidation.
Despite price declines and liquidations, $ETH Funding rates remain positive, suggesting bulls are using leverage to buy the dip.
Ethereum Price Prediction: Bulls Defend $2,108 Support
On the daily chart, $ETH The bearish bias is growing as the price is below the 20-day, 50-day, and 100-day exponential moving averages (EMAs) centered between approximately $2,234 and $2,328. The loss of altitude below these trend filters leaves the pair shrouded in a dense overhead supply zone. At the same time, the Relative Strength Index (RSI) is near 37, suggesting that the heavily oversold Stochastic Oscillator (Stoch) may begin to tire with further declines, although downside momentum remains dominant.
On the upside, initial resistance emerges at a horizontal barrier near $2,211, ahead of the 20-day EMA at $2,234 and 50-day EMA at $2,247, and the 100-day EMA near $2,328 strengthens a broader top towards the next hurdle at $2,389. Further north, medium-term resistance lies at $2,746 and $3,412.
On the downside, immediate support appears at $2,108, with a horizontal bottom protecting the recent pullback, with subsequent cushions at $1,909 and $1,741. A break below these could expose deeper support near $1,524 and $1,405.
(The technical analysis in this story was written with the help of AI tools.)
