Ethereum

Ethereum encountered a minor setback, witnessing a 3.83% decline in the past 24 hours, bringing its value to $1,980.  
This dip contrasts with its positive performance over the week, where the coin exhibited an uptrend of 7%, climbing from $1,879 to its current position.  
The decline in Ethereum's value can be attributed to its recent struggle to surpass the $2,120 resistance level.  
Similar to Bitcoin, the digital asset experienced a corrective downturn, slipping below crucial support levels at $2,050 and $2,000. However, the bulls intervened, preventing further losses and establishing support around the $1,930 zone.  
As of now, Ethereum is trading below $2,000 and the 100-hourly simple moving average. Additionally, a significant obstacle lies in a bearish trend line forming with resistance near $2,000 on the hourly chart of ETH/USD. 
The post <a href="https://optimisus.com/news/crypto-news/ethereum-eth-drops-below-2000-after-facing-resistance-at-2130/" rel="noopener noreferrer nofollow">Ethereum (ETH) Drops Below $2,000 After facing resistance at $2,130</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Ethereum (ETH) Drops Below $2,000 After facing resistance at $2,130

Optimisus

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