Ethereum Price Forecast: ETH Recovery To $2,400 An Uphill Battle As Barriers Stiffen

• Ethereum price goes back to the drawing board, retesting key support at $2,000.
• ETH upside barricaded by robust seller congestion between $2,182 and $2,243 as highlighted by the IOMAP.

Ethereum price lost significant ground from the weekly high of $2,400. Several support areas failed to come to the bulls’ rescue, allowing Ether to test $2,000. This crucial support had been reinforced by the 100 Simple Moving Average (SMA), as shown on the four-hour chart.