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17 hour ago
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BEARISH 📉 : Ethereum price falls below $2,000 amid bearish trend

Ethereum Price Update

  • Ethereum's price has declined over 15%, dropping below $2,000 and reaching a low of $1,744.
  • The price is currently trading below the 100-hourly Simple Moving Average.
  • A bearish trend line with resistance is forming at $2,200 on the ETH/USD hourly chart.
  • If Ethereum fails to surpass the $2,050 resistance, further decline is possible.
  • Immediate support levels are at $1,850 and $1,800.
  • A drop below $1,800 could lead to further declines towards $1,750 or even $1,720.
  • The MACD is gaining momentum in the bearish zone, and the RSI is below 50.
  • Key resistance levels are $2,050 and $2,200, with major support at $1,850 and $1,800.

Ethereum Price

Overall, Ethereum faces significant hurdles near $2,200. A clear break above this level could potentially push the price toward $2,350 or higher. Conversely, failing to overcome current resistances may result in continued bearish pressure.