Ethereum Price Slide May Not Be Over Yet—More Losses Loom
Summary
Ethereum fell below $2,000 after failing to hold above $2,040 and is consolidating near current levels with a bearish bias. Price dropped under $2,020, $2,010, and briefly below $1,985, forming a low around $1,965 before a weak rebound. It remains below the 100-hour moving average and a broken trendline support near $2,015. Immediate resistance is near $2,020, then $2,030 and $2,050. A break above $2,050 could open a move toward $2,085, then $2,120 and $2,150. If ETH cannot reclaim $2,050, downside risk stays intact. Key support is near $1,980 and $1,965; a drop below that could lead to $1,920, then $1,850 and possibly $1,780. Technical momentum is bearish, with MACD weakening and RSI below 50.
