High
Ethereum price has extended its decline, breaking below significant support levels of $2,000 and $1,950, with a low formed at $1,744. this represents over a 15% dip, signaling a substantial negative movement.
High
The source explicitly states a strict editorial policy focusing on accuracy, relevance, and impartiality, created by industry experts, meticulously reviewed, and adhering to the highest standards in reporting.
Bearish
Ethereum failed to stay above $2,000 and $2,200, initiating a fresh decline. it's trading below the 100-hourly simple moving average, and a major bearish trend line is forming with resistance at $2,200. technical indicators like the hourly macd show gaining bearish momentum, and the hourly rsi is below 50, indicating continued downward pressure. failure to clear $2,050 could lead to further losses towards $1,750 or even $1,680.