The price of Ethereum (ETH) has been steadily dropping and is currently below $2,100. Traders are unsure if the correction is coming to an end or if there is more downward movement ahead. The market structure suggests that ETH is still in a bearish phase, and if it fails to hold above $2,000, it could experience a deeper correction toward $1,500-$1,600. The Relative Strength Index (RSI) indicates that the asset is heavily sold and could see a short-term bounce, but a sustained reversal will require ETH to regain key resistance levels. If ETH breaks below $2,000, the next major support is at $1,500-$1,600, and a breakdown below this zone could lead to a revisit of $1,200-$1,000. However, a drop to $1,000 seems unlikely unless there are major bearish sentiments in the market or regulatory setbacks. To regain bullish momentum, ETH must break key resistance levels starting with $2,500-$2,600. If it can reclaim $3,200-$3,500, it could lead to a full recovery. Currently, ETH is at a critical level, and short-term traders may look for a bounce from $2,000, while long-term investors could consider accumulating ETH if it drops closer to $1,500-$1,600. The fate of ETH depends on its ability to hold $2,000 or if bears continue to push it lower. A breakout above $2,500 or a break below $1,800 would signal a potential reversal or further declines, respectively.



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