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via Cointelegraph · By Cointelegraph Staff

Ether Bears Take Control With Drop to $2K: What Will Stop ETH Price Crash?

ETH

ETH/USDT

$2,493.54

+1.47%

$2,493.54

+1.47%

(24s)

24h Volume

$7,343,924,573.55

24h H/L

$2,523.97 / $2,450.00

Change: $73.97 (3.02%)

Long/Short

56.4%

Long: 56.4%Short: 43.6%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,493.56

▲ 0.53%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,639.52

Resistance 1$2,552.17

Price$2,493.56

Support 1$2,449.71

Support 2$2,372.73

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):64.7

Cointelegraph Staff

(03:36 PM UTC)

1 min read

Verified byEmily Watson

0 comments

Ether (ETH) dropped sharply after rejection at $2,400 last week, dropping as low as $2,100 on Monday, indicating that bears are back “in control,” according to new analysis.

Key takeaways:

Ether drops 12% after rejection at $2,400 as bears regain control.
Binance sell pressure and ETF outflows signal weak ETH demand.
Analysts warn ETH/USD could fall toward $1,700 if support at $2,000 breaks.

ETH…

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Source

Cointelegraph Staff · Cointelegraph

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