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Ethereum price breaks critical support, ETH bears target $2,000

  • Ethereum price is trading within a narrow range.
  • A 12-hour candlestick close below the 200 MA could see it crash to $2,000.
  • Only a break of the $3,000 resistance level could save ETH from lower lows. 
Ethereum price breaks critical support, ETH bears target $2,000
FXStreet TeamFXStreet TeamFXStreet

Ethereum price seems to be losing strength as it looks prime to break below a crucial area of support. 

Ethereum price primed to retrace

In the following video, FXStreet's analysts evaluate where Ethereum price could be heading next as ETH fails to hold above crucial support.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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