Ethereum falls below the $2,170–$2,220 support level; average funding rate remains positive

Ethereum fell below its $2,170–$2,220 support zone and was trading near $2,130 at the time of analysis, according to CryptoPotato. The breakdown followed a failed rebound from a prior rising channel, with selling pressure emerging at the lower end of the $2,440–$2,520 supply band after a brief consolidation near $2,240. Despite the price weakness, the 14-period average funding rate for ETH perpetual futures across multiple exchanges remained positive, suggesting derivatives traders are still leaning long. The article notes that the $2,130 figure reflects the analysis snapshot rather than live pricing. Traders will be watching whether ETH can reclaim the $2,170–$2,220 zone or whether positive funding unwinds and accelerates downside pressure.