Ethereum Price Eyes Critical Support Level Break Below $2,350
Ethereum's price is currently preparing to break below the key support level of $2,350, which would increase negative pressures surrounding it.
The decline comes as Ethereum continues to trade below its EMA50, a dynamic resistance that reinforces bearish corrective waves in the short term.
A bearish crossover on relative strength indicators is also emerging, indicating further losses are likely in the near term.