Ethereum's Price Retreats to $1,884.96 Amid Technical Resistance

Ethereum's price retreated overnight to $1,884.96 on Thursday morning, erasing its small gain from yesterday and keeping it stuck in a stagnant range.

Sellers are dominating the market, with profit-takers emerging near the $1,900 mark and preventing buyers from sustaining momentum.

The 50-day EMA at $1,801 is currently serving as support, and a break below this level could send Ethereum's price plummeting to $1,718.

Analysts have mixed predictions for Ethereum's future, with some expecting it to reach $40,000 by 2035, while others are more conservative in their estimates, predicting a target of around $10,000.