The crypto market crash has intensified, causing Ethereum's price to break under $2,400 and drop to $2,337. There is concern that the price may hit $2,000 as the bearish trend continues. The market has lost $771 million in liquidation, and Ethereum has experienced a nearly 20% crash in the past three days. Technical indicators, such as the negative crossover of the 100 and 200 AMA lines, suggest a sell signal for price action traders. However, the daily RSI line shows a minor bullish divergence, indicating a potential bullish comeback. Additionally, there have been significant outflows of Ethereum from U.S. spot ETFs, with BlackRock and Fidelity being major sellers. Whales have also been offloading Ethereum, increasing the supply in the market. If the price drops below the crucial support of $2,224, it is likely to reach the psychological support level of $2,000. However, if there is a bullish turnaround, the immediate price target is the 23.6% Fibonacci level at $2,665.



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