Ethereum tests $2,300 as analysts highlight resistance and falling open interest

Ethereum is approaching a key technical threshold after several weeks of downward movement, as buyers attempt to regain control of the market. With the price hovering near $2,300, traders are watching closely to see whether the current rebound will evolve into a broader recovery or if it will stall below resistance during the prevailing correction. Ethereum (ETH) was trading at $2,289.88 at the time of reporting, marking a 1.62% increase over the previous 24 hours. The latest uptick comes as investors assess reduced derivatives activity, resolved short-term price action, and critical resistance points likely to shape ETH’s next move.