Ethereum

Momentum

<h2 id="span-data-font-font-size-style-font-size-20px-eth-slips-below-2-200-support-signaling-potential-drop-under-2-000-br-span">ETH slips below $2,200 support, signaling potential drop under $2,000. </h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, Ethereum faces a significant decline, breaking the crucial support level of $2,200.</li>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" class="f-link" rel="noopener noreferrer nofollow">ETH</a>, is currently in a bearish phase, raising concerns about a potential drop below the key $2,000 mark.</li>
 <li>The decline in Ethereum's value is attributed to its inability to sustain momentum around the $2,330 resistance zone.</li>
 <li>The price of ETH is once again dipping below the $2,200 support, indicating a bearish trend.</li>
 <li>Several bearish signals are evident, suggesting the possibility of further decline below $2,000.</li>
 <li>On the 4-hour chart, Ethereum is seeking support around $2,140, with a potential retest of the $2,300-$2,400 level if this support holds.</li>
 <li>Failure to hold the support level may lead to a more pronounced decline, with $2,000-$1,900 becoming a plausible target.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $2,180-$2,230
SUPPORT LEVEL : $2,090-$2,040
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

ETHEREUM Bullish Momentum Fades: Are Bears About to Take Control

Table of Contents

Coingabbar

Other articles published on Dec 18, 2023

FTX’s Restructuring Plan and the Future of the Exchange

Crypto giants pour $80m into pro-crypto US election committee

Shiba Inu Team Completes Massive SHIB Token Burn Amid Market Speculations

The Rise of Helium Mobile’s MOBILE Token

Crypto Bloodbath: $130 Million in Longs Destroyed as Bull Market Takes Break

Amidst Stagnant Price Movements for Dogecoin and PEPE, Investors Pivot to Rebel Satoshi for Great...

Join our free newsletter for daily crypto updates!