Ethereum slipped 3.83% in 24 hours, settling in the $1,980 range after facing resistance at $2,130.
If ETH fails to clear the $2,000 resistance, it could trigger a fresh decline, finding initial support at $1,930.
Ethereum has faced a setback, witnessing a 3.83% decline over the past 24 hours, bringing its value to $1,980. This contrasts with its positive performance over the week, where the coin showed an uptrend of 7%, climbing from $1,879 to its current position.
The decline in Ethereum’s value follows its struggle to surpass the $2,120 resistance level. The digital asset experienced a corrective downturn similar to Bitcoin, slipping below crucial support levels at $2,050 and $2,000. However, the bulls intervened, preventing further losses and establishing support around the $1,930 zone.
Can Bulls Recover?
Currently ETH trading below $2,000 and the 100-hourly simple moving average. Also, a significant obstacle lies in a bearish trend line forming with resistance near $2,000 on the
We współpracy z: https://thenewscrypto.com/ethereum-falls-below-2000-amidst-market-correction/
