Ethereum (ETHUSD) remains under pressure and stable at lower levels during recent short-term trading sessions, preparing to break the key support level at $2,265. The price is being affected by the dominance of a short-term bearish corrective wave, along with continued negative pressure from trading below the EMA50, which reduces the chances of a sustainable recovery in the near term.

On the other hand, positive signals are beginning to emerge from the relative strength indicators, which has helped limit recent losses.