Ethereum Struggles Below $2,000 As Volume Dries Up And Bears Dominate
Ethereum is struggling below the critical $2,000 support level, trading around $1,985, as declining volume and increased selling pressure indicate bearish control. The breakdown below this key psychological level signals a shift in market structure, turning previous support into resistance. Low buyer interest leaves the market vulnerable, with the next major support at the $1,750 macro trendline. A break below this could lead to a deeper retracement, while reclaiming $2,100 is necessary for a bullish reversal. Despite repeated tests of a key resistance trendline, Ethereum shows weak momentum, with the 200-day EMA far above at $2,758, underscoring its current bearish deviation.
bitcoinist03/29 11:03