Ethereum lost the $2,200 level on Monday as selling pressure from U.S. spot Ether ETF outflows and leveraged liquidations kept bears in control of the market. Data from CoinMarketCap shows ETH down 5.05% over 24 hours to $2,122.63, leaving $2,100 as the near-term hold line and $2,000 as the next major psychological floor ahead of Tuesday's U.S. CPI report. The drop leaves Ether below all three of its major daily exponential moving averages.

Why Ethereum Lost $2,200 and Now Eyes $2,000

ETH is trading below its 50-day, 100-day, and 200-day exponential moving averages (moving-average lines that weight recent prices more heavily), which sit at roughly $2,372, $2,337, and $2,311 respectively. Price also sits beneath a rising support trendline that broke near $2,432. That stack of signals points to a weak near-term setup for Ether.

Initial resistance now rests at the 200-day EMA near $2,311, followed by the 100-day EMA at $2,337 and the 50-day EMA at $2,372. Horizontal resistance at $2,400 and the former trendline break zone around $2,432 could cap any stronger rebound attempt.

Momentum indicators remain soft. The RSI was near 35, and the MACD stayed negative. On the downside, chart support comes in near $2,000, with a prior horizontal base around $1,823 if that shelf fails.

How ETF Outflows and Liquidations Deepened the Sell-Off

U.S. spot Ether ETFs, which began trading in July 2024 and gave traditional investors a way to gain Ether exposure through standard brokerage accounts, recorded $365.2 million in net withdrawals over the past week, according to Farside Investors. Those redemptions add ETH supply into an already weaker tape and help explain why Ether lagged the broader market move. Desks that track crypto ETFs treat the weekly bleed as fresh institutional selling pressure.

Leveraged trading accelerated the decline. Falling prices triggered approximately $462 million in long liquidations over the past 24 hours, with each forced close becoming another market sell that pushes the price lower and feeds the cascade. Liquidation waves of this kind are a recurring feature of crypto's around-the-clock, leverage-heavy markets.

Analyst Dom described a 7.7% flash crash in ETH over 12 minutes. At 21:45 UTC, selling hit Binance perpetual futures — leveraged derivative contracts with no expiry date — including an $11.7 million order executed in one second. Six minutes later, sellers hit the order book with $143 million in two seconds and pushed ETH below $2,200.

What Levels Decide the Next Ethereum Move

Dom reported that $28.3 million in bids between $2,120 and $2,130 disappeared from the order book in seven seconds at 21:55 UTC while ETH still traded above that range. Sixteen seconds later, price reached the emptied zone. At $2,080, sellers absorbed $12.2 million in bids within 60 milliseconds. ETH bottomed at $2,050.32 before snapping back above $2,130 ten seconds later. The episode illustrated how quickly thin order-book depth can amplify short-term moves in crypto markets.

Analyst Aiden flagged a potential support zone between $1,950 and $1,870 if ETH closes the week below $2,200. Reclaiming $2,200 would be the first recovery step, while a move above $2,369 would be a stronger signal that sellers are losing control.

For the immediate tape, CoinMarketCap marks $2,100 as the level ETH needs to hold in order to consolidate and attempt another run at $2,200. A break below that shelf opens a cleaner path toward $2,000. Tuesday's CPI print — the Consumer Price Index report, a widely watched inflation gauge that can shift expectations for Federal Reserve interest-rate policy — adds macro risk to that setup. Until buyers reclaim $2,200 with conviction, the bear map toward $2,000 stays in play.