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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

$1,899.33

+1.68%

$1,899.33

+1.68%

(24s)

24h Volume

$3,622,100,909.87

24h H/L

$1,903.70 / $1,864.65

Change: $39.05 (2.09%)

Long/Short

64.2%

Long: 64.2%Short: 35.8%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,895.36

▲ 1.09%

Volume (24h): -

Resistance Levels

Resistance 3$2,148.26

Resistance 2$2,063.38

Resistance 1$1,933.95

Price$1,895.36

Support 1$1,858.13

Support 2$1,754.69

Support 3$1,702.98

Pivot (PP):$1,867.73

Trend:Uptrend

RSI (14):58.3

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Cointelegraph Staff · Cointelegraph

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