The Ethereum price has experienced a decline after failing to surpass the $2,450 resistance level. It is now consolidating losses and could potentially drop towards the $2,000 support level. The price has fallen over 5% and is exhibiting bearish signs, trading below key levels such as $2,250 and the 100-hourly Simple Moving Average. There is resistance near $2,220, $2,250, and $2,350, with a clear move above $2,360 potentially leading to further gains. On the other hand, if the price fails to clear the $2,250 resistance, it might see another decline with support levels at $2,120 and $2,050. Further losses could send the price to $2,000 and potentially even $1,880.



Other News from Today