Crypto
Ethereum Tumbles Below $2,000 Amid Growing Bearish Sentiment
Ethereum's price has dropped below $2,000 after failing to sustain gains above $2,050.
The decline pushed the price past the 50% Fibonacci retracement level of the upward move from the $1,745 swing low to that $2,169 high.
A bearish trend line has formed with resistance at $1,980 on the hourly chart.
The technical picture paints a concerning outlook for ETH holders, with both the hourly MACD and RSI indicators suggesting sellers currently control the price action.