Ethereum Meets Resistance Near $2,300 as Selling Pressures the Market

Ethereum encountered resistance around $2,300 as selling continued to pressure the asset, according to Crypto Daily and AMBCrypto. The coverage places the current technical battle between a recovery toward the upper-$2,000 area and a broader November downtrend. Crypto Daily said ETH was trading near $2,120 at the time of its report, below both of the key moving averages it tracks. The flow picture presented by Crypto Daily was mixed rather than uniformly negative. Funds were selling Ethereum while larger holders, described as whales, were buying. That divergence matters because one side of the market was absorbing supply even as broader participation weakened. ETH’s position below its moving averages suggested that buyers had not yet established clear technical control. AMBCrypto emphasized a different driver: Ethereum’s growing dominance within tokenized real-world assets. Its coverage linked that development to a possible recovery through $2,250 and questioned whether the trend could reverse the November decline. Both outlets therefore connect the $2,300 area with Ethereum’s prospects, although AMBCrypto places greater weight on the asset’s institutional utility narrative. Crypto Daily identified $1,850 as support and $2,300 as resistance, establishing the immediate technical boundaries. AMBCrypto focused on $2,250 as the first reclaiming level in its discussion. The two ranges are complementary: $2,250 sits below the shared $2,300 marker, while the live ETH price has fallen beneath both the reported support level and the thresholds discussed by the outlets. Live market data show Ethereum at $2,042.16, down 3.86% over 24 hours and 10.92% over seven days, with a market capitalization of $249.58 billion. The wider crypto market was broadly lower, total capitalization stood at $2.51 trillion, Bitcoin fell 1.70% over 24 hours, and the Fear & Greed index registered 32, or Fear. The next points in the technical discussion are therefore whether ETH can regain $2,250 and $2,300, and whether tokenized-asset demand gains traction amid the current outflow and risk-off conditions.