Crypto analyst Trend Diva has conducted an analysis of the current Ethereum (ETH) price action, noting that it is still within an ascending triangle but warned of potential downside pressure if it fails to maintain support above a crucial level. This analysis comes as ETH has recently dropped below $2,000. The analyst suggests that if ETH stays above $2,000, it could rebound to $2,800, but a breakthrough the trendline could shift the bias bearish towards $1,414. Another analyst, Ali Martinez, adds that ETH could potentially drop to as low as $1,250, but the recent accumulation of 330,000 ETH by the largest whales on the network could help prevent further downside pressure and lead to a bullish reversal for the Ethereum price. As of now, ETH is trading at around $2,065, down more than 5% in the last 24 hours.



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