Crypto
Ethereum Price Tumbles Below $2,120 as Bears Regain Control
Ethereum's recent rally has stalled at the $2,150 resistance level, forcing a retreat that threatens to erase gains.
The cryptocurrency climbed past $2,050 and cleared the 61.8% Fibonacci retracement of its decline from $2,198 to $1,936.
Bears stepped in near $2,150, driving the price back below $2,120, which is now a crucial level for any renewed push higher.
The hourly ETH/USD chart shows a short-term contracting triangle breaking down at the $2,135 support line, and the RSI sits below 50, indicating bearish momentum.