Ethereum Slides Below $2,000 for First Time Since May 2025
Ethereum's native token, Ether (ETH), fell below the critical $2,000 support level for the first time since May 2025, hitting a year-to-date low near $1,927. This sharp decline was part of a broader sell-off in cryptocurrency markets, driven by intensified selling pressure and fear-driven liquidations. Technical analysis indicates a confirmed breakdown of a long-term support zone between $2,200 and $2,000, with further downside targets identified between $1,665 and $1,725. Momentum indicators show sellers are in control, with ETH trading below key moving averages. On-chain data reveals increased exchange inflows and reduced holdings from mid-sized investors, signaling heightened selling willingness. The short-term outlook remains cautious, with key psychological support levels now at $2,000 and $1,800. Resistance for any potential bounce is expected around $2,200–$2,300, with more significant hurdles near $2,500–$2,700. Until these levels are reclaimed, technical sentiment favors continued downside risk and elevated volatility.
TheNewsCrypto02/13 18:32
