Ethereum rejects $2,151; analyst targets $1,190–$1,148 macro bottom

ETH trades inside a multi‑year range. Analyst Minga keeps the bias bearish below $2,151.

On the weekly chart, Ethereum (ETH) sits between the 2021 high at $4,877 and the 2022 low at $878. Minga tracks this as a level‑to‑level range on X.

Price swept the old ATH and printed a new peak at $4,946, then trended down. A February bounce from ~$1,750 lacked follow‑through per the same chart.

The March rally stalled near $2,300 and failed to reclaim $2,151, confirming rejection. ETH now trades around $2,000, a neutral “mid” zone in the range per NewsBTC and price action at $2,150.

Key levels and triggers:
- Structure: weekly range $4,877 to $878 Minga’s weekly range chart.
- Pivot: reclaim $2,151 opens $2,395 where a fair‑value gap sits NewsBTC on the $2,151 pivot.
- Bearish path: $1,537 equal lows as first target, then $1,384, with $1,190–$1,148 marked as the likely macro bottom zone NewsBTC on downside levels.
- Current area: near $2,000, where direction can flip either way inside the range NewsBTC on compression.