Crypto
Ethereum Tumbles Below $2,000 Amid Bearish Technical Indicators
Ethereum (ETH) has fallen below the $2,000 mark as bearish momentum takes hold.
The price drop comes after ETH failed to sustain gains above $2,050, with a trend line resistance at $1,980 on the hourly chart suggesting further downside pressure toward the $1,900 support zone.
A bearish trend line has formed, and technical indicators show sellers controlling the price action. The hourly MACD is building momentum in bearish territory, while the RSI has slipped below 50.