Ethereum Remains Under Pressure as Price Consolidates Near $2,000
Ethereum (ETH) is trading near $2,012, down 4.40%, after failing to sustain a recovery above $2,140. The price is consolidating near $2,000, with the broader trend remaining bearish as it trades below all major moving averages. Key support lies at $1,950, followed by the $1,800–$1,700 zone, while resistance is near $2,140 and $2,200. Momentum indicators like RSI and MACD signal continued bearish pressure. Despite analyst Tom Lee's optimistic outlook, technical weakness persists. Meanwhile, the Ethereum Foundation is supporting initiatives to enhance security, and developers are planning upgrades to improve network efficiency.
TheNewsCrypto02/10 14:08