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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

$1,657.39

+1.94%

$1,657.39

+1.94%

(24s)

24h Volume

$12,970,481,238.38

24h H/L

$1,667.96 / $1,603.44

Change: $64.52 (4.02%)

Long/Short

70.3%

Long: 70.3%Short: 29.7%

Funding Rate

+0.0047%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,659.20

▲ 2.32%

Volume (24h): -

Resistance Levels

Resistance 3$1,870.30

Resistance 2$1,775.64

Resistance 1$1,710.96

Price$1,659.20

Support 1$1,650.60

Support 2$1,583.40

Support 3$1,505.68

Pivot (PP):$1,648.31

Trend:Downtrend

RSI (14):29.6

Cointelegraph Staff

(03:36 PM UTC)

1 min read

Verified byEmily Watson

716 views

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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