Ethereum Price Declines 12.6% in 24 Hours Amid Market Downturn

Ethereum's price has sharply declined, potentially heading towards $2,000. Key points include:

• Technical analysis indicates bearish signals on smaller timeframes.
• Ethereum broke below major support levels at $2,600, $2,500, and $2,400, dropping 12.6% in the past 24 hours.
• The broader market downturn includes Bitcoin falling below $90,000.
• SwallowAcademy notes that bearish pressure may lead to further declines.
• The recent price crash follows a previous stability above the $2,700 support level.
• Current trading stands at $2,395, with potential for further declines if it breaks below $2,200.
• RSI indicates room for sellers to push prices lower before reaching oversold conditions.