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Ethereum remains in a firm downtrend, trading over 60% below its $4,900 peak and struggling to reclaim key resistance levels amid weakening momentum.
๐น Trend Structure: Clear bearish continuation below major moving averages
๐น Price Action: Breakdown from low-volume consolidation near $2,000
๐น Key Levels: Bulls must reclaim $2,100โ$2,400 to shift short-term bias
๐น Downside Risk: A daily close below $1,700 could open the path toward $1,600โ$1,200
Momentum remains weak, with declining volume supporting the bearish outlook.
Detailed insights below ๐
#Blockchain #Ethereum #Crypto
