Bearish Trends Plague Ethereum, As Its Price Dips Below $2,000

$2000

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[{"selector":"#anim-bac276c2-6f6a-4e2d-a8df-64aa79b85930","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41ec12c2-83f1-411e-bf9e-63b4e0e71ef7","keyframes":{"opacity":[0,1]},"delay":150,"duration":1001,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9b94c1b5-6d9a-46a4-8fdd-65f4c7a04a11","keyframes":{"transform":["translate3d(0px, 192.56122%, 0)","translate3d(0px, 0px, 0)"]},"delay":150,"duration":1001,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The price of Ethereum, the second largest cryptocurrency, has dropped below $2,000 as sellers gain momentum against buyers.

[{"selector":"#anim-3be14315-f88f-4ddf-a347-322f42a3ceb3","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3d7cecce-a55b-4a52-877d-e3f74607edad","keyframes":{"opacity":[0,1]},"delay":150,"duration":1001,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-19c39fee-deb3-4e39-a622-6c8ab16eab84","keyframes":{"transform":["translate3d(0px, 147.63887%, 0)","translate3d(0px, 0px, 0)"]},"delay":150,"duration":1001,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Retail traders are hesitant to make new trades due to market uncertainty, and traders are waiting for a breakout above the weekly candle or below the weekly low for a clearer direction. Learn more

[{"selector":"#anim-234b87a3-b350-4e67-92d9-7764c35720f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3d65b02-6329-44d6-9537-032cd397e36e","keyframes":{"opacity":[0,1]},"delay":150,"duration":1001,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-290b94af-5203-4c0c-9c3a-0c68b72d4c7e","keyframes":{"transform":["translate3d(0px, 115.01068%, 0)","translate3d(0px, 0px, 0)"]},"delay":150,"duration":1001,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bears are waiting for a 50-day moving average breakdown to aggressively dump ETH, while sellers' participation can be seen in the market as the trading volume almost doubled in the last 24 hours.

[{"selector":"#anim-63b35809-6945-4c8e-85b6-cc8fca9cdf64","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a83d141-b2dc-48b8-9659-b8cee70c3435","keyframes":{"opacity":[0,1]},"delay":150,"duration":1001,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd1af591-ba3e-4d9e-9988-f61c808697dc","keyframes":{"transform":["translate3d(0px, 155.55557%, 0)","translate3d(0px, 0px, 0)"]},"delay":150,"duration":1001,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The hourly chart shows a head and shoulders pattern, and if traders follow this signal, Ethereum's price could decline towards $1730.

$2000

Bearish Trends Plague Ethereum, As Its Price Dips Below $2,000

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