Ethereum

The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/eth-price-analysis-will-eth-price-crash-7-5-or-cross-2000/">ETH Price Analysis: Will ETH Price Crash 7.5% Or Cross $2000?&nbsp;</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Ethereum, the biggest altcoin in the industry, has recently been at the center of much speculation and analysis. Currently trading at $1612, Ethereum price has seen a minor intraday decline of 0.28%.&nbsp; 
A closer look at the ETH price trajectory reveals a sideways trend, with the coin finding solace in the demand belt that spans from $1613 to $1643. 
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The past few weeks weren’t particularly kind to the ETH price action. Upon approaching the coveted $2000 psychological mark, Ethereum price faced a sudden upsurge in supply. This resulted in a steep 19.62% decline over the past 60 days. This decline led to a “death cross” on the daily chart. 
Adding to the complexity is forming a falling wedge pattern in the Ethereum price chart. Traditionally viewed as a bearish signal, this pattern hints at a potential continuation of the downtrend.&nbsp; 
However, lower price rejections at the current support level indicate the potential for a bullish turnaround.&nbsp; 
If Ethereum’s price manages to bounce back, it will retest the broken support trendline of the 2023 bull run. Such a rebound could translate to a refreshing 13.40% rally, ensuring that the ETH price remains on an upward trajectory. 
Technical indicators: 
RSI: The daily RSI line is in a lateral movement, as it hovers just above the oversold territory. 
MACD: The MACD and signal lines are in a tight sideline move, grappling to maintain a bullish alignment. 
<h2 id="will-ethereum-prices-cut-through-2000" data-name="will-ethereum-prices-cut-through-2000" class="wp-block-heading">Will Ethereum Prices Cut Through $2000?</h2> 
Turning our gaze to potential price targets, a bearish breakdown could push Ethereum down to $1491—a decline of 7.5%. Ethereum could further slide to the next support checkpoint at $1360 if the bears maintain their rally.&nbsp; 
Conversely, the path to redemption for the bulls lies through two significant resistance barriers at $1800 and $2000.

ETH Price Analysis: Will ETH Price Crash 7.5% Or Cross $2000?

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