According to Mihir (@RhythmicAnalyst), Ethereum (ETH) recently attempted to break above resistance but was pushed back, highlighting ongoing market struggle. If ETH's weekly price closes below the $2300 level, the asset could face significant weakening, increasing downside risk for traders. This level serves as a crucial support zone for short-term trading decisions, and a close below it may signal a bearish trend continuation, impacting broader crypto market sentiment (source: Mihir on Twitter, June 13, 2025).