Ethereum Price Suffers Steep Decline Below $2,350

The Ethereum price has broken below the $2,350 zone, initiating a steep decline. The cryptocurrency found support at $2,000 and now faces significant technical hurdles in its recovery attempt.

ETH broke below the $2,320 support zone in a decisive move downward, currently trading below both the $2,220 level and the 100-hourly Simple Moving Average.

For any meaningful recovery to begin, Ethereum must clear both the $2,230 and $2,275 resistance levels, which represent critical barriers to any upward momentum.