Ethereum (ETH) has slipped to the $2,200 range, a level last seen in late January, amid market uncertainty and key developments. Recently, Ethereum co-founder Vitalik Buterin sold $1.835 million worth of ETH, and the Ethereum Foundation allocated 3,000 ETH to Kelp for liquidity, sparking concerns about ETH’s short-term outlook.**Ethereum’s Recent Market Challenges**Ethereum has struggled to maintain its momentum in recent weeks, facing market pressures from the launch of a new decentralized exchange, Ethervista, and Ripple’s integration of Ethereum smart contracts into the XRP Ledger.Despite the dip, Ethereum briefly rebounded to $2,305 but remains under pressure. Over the past week, ETH has dropped over 8.43%, although it saw a slight 0.80% gain in recent intraday trading. The price briefly peaked at $2,337 before settling at $2,306, with daily trading volume surging to $13.06 billion, highlighting increased market activity.Market sentiment remains cautious, with the fear and greed index at 31, indicating prevailing fear among investors. After dipping to a strong support level of $2,243, ETH faces resistance around $2,350. For a more robust recovery, Ethereum needs to break through immediate support at $2,150 and resistance at $2,400.**Technical Indicators and Market Sentiment**In the 4-hour ETH/USDT chart, the MACD indicator signals mixed, slightly bearish momentum, with the MACD line below the signal line. The daily RSI sits at 47.50, nearing oversold conditions. Both short-term and long-term moving averages remain above the current price, with the 50-day average at $2,380 and the 200-day average at $2,554. The Chaikin Money Flow (CMF) is at -0.01, indicating a decline in trading volume and money flow.