Ethereum Price Drops Toward $2,000, Pressure Mounts on Key Support
Ethereum price started a sharp decline below the $2,220 zone. ETH is now consolidating above $2,020 and might aim for a recovery wave if it climbs above $2,110. An upside break above the $2,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,300 in the near term. If Ethereum fails to clear the $2,120 resistance, it could start a fresh decline. Initial support on the downside is near the $2,040 level. The first major support sits near the $2,025 zone. A clear move below the $2,025 support might push the price toward the $2,000 support. Any more losses might send the price toward the $1,965 region. The main support could be $1,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,025 Major Resistance Level – $2,120More Losses In ETH?
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