Crypto
Ethereum Slumps as $2K Ceiling Proves Elusive Again
Ethereum has been struggling to reclaim its ground above $1.95K, with repeated rejections from this zone weakening short-term momentum and increasing the probability of a broader pullback.
The 100-day moving average is proving to be a stubborn resistance level for ETH, and the latest rejection has left buyers looking exhausted.
On the daily chart, Ethereum's outlook is shifting towards a bearish bias, with bearish daily candles emerging after multiple failed attempts to reclaim this key support level.