Ethereum (ETH) is currently trading at approximately $2,130, facing bearish pressure as it remains below the critical resistance zone of $2,155-$2,160. The market sentiment has been negatively impacted by recent ETF outflows, totaling $504 million since May 7, which has limited buyers' momentum. Traders are advised to monitor key support levels at $2,115-$2,112 and $2,078-$2,076. A sustained move above $2,156 would signal a potential bullish reversal, while failure to reclaim this level could lead to further downside. The market has shifted from a higher value zone around $2,290-$2,338 into a lower acceptance area of $2,112-$2,140, indicating a need for time to repair after this value reset. Additionally, geopolitical factors related to US-Iran negotiations may create further volatility as US markets prepare for closures over Memorial Day. Overall, Ethereum's current structure suggests a cautious approach for traders, with significant attention needed on the mentioned key levels for any potential trading strategies.