Ethereum held by descending resistance; below $3.4K–$3.6K, risk of sweep toward $2K

According to the analysis, Ethereum remains capped by a descending trendline and trades under key moving averages. Failure to reclaim the $3.4K–$3.6K supply zone keeps downside risk open toward $2.6K–$2.8K, with a deeper liquidity cluster near $2K that could attract price before any durable recovery.