Ethereum price started a fresh decline and traded below $2,000. ETH is now 
consolidating near $2,000 and might continue to move down. Ethereum remained 
in a bearish zone after a fresh decline below $2,010. The price is trading 
below $2,010 and the 100-hourly Simple Moving Average. There was a break below 
a bullish trend line with support at $2,015 on the hourly chart of ETH/USD 
(data feed via Kraken). The pair could continue to move down if it stays below 
the $2,050 zone. Ethereum Price Remains At Risk of More Downside Ethereum 
price failed to remain stable above $2,040 and started a fresh decline, like 
Bitcoin. ETH price dipped below the $2,020 and $2,010 levels. The price even 
traded below $1,985. A low was formed at $1,965, and the price recently 
attempted a minor recovery wave. There was a move above the 23.6% Fib 
retracement level of the downward move from the $2,140 swing high to the 
$1,965 low. However, the bears remained active near $2,040. The price dipped 
again below $2,020. There was a break below a bullish trend line with support 
at $2,015 on the hourly chart of ETH/USD. Ethereum price is now trading below 
$2,010 and the 100-hourly Simple Moving Average. If the bulls remain in action 
above $1,980, the price could attempt another increase. Immediate resistance 
is seen near the $2,020 level. The first key resistance is near the $2,030 
level. The next major resistance is near the $2,050 level or the 50% Fib 
retracement level of the downward move from the $2,140 swing high to the 
$1,965 low. A clear move above the $2,050 resistance might send the price 
toward the $2,085 resistance. An upside break above the $2,085 region might 
call for more gains in the coming days. In the stated case, Ether could rise 
toward the $2,120 resistance zone or even $2,150 in the near term. More 
Downside In ETH? If Ethereum fails to clear the $2,050 resistance, it could 
start a fresh decline. Initial support on the downside is near the $1,980 
level. The first major support sits near the $1,965 zone. A clear move below 
the $1,965 support might push the price toward the $1,920 support. Any more 
losses might send the price toward the $1,850 region. The main support could 
be $1,780. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now below 
the 50 zone. Major Support Level – $1,980 Major Resistance Level – $2,050

Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating near $2,000 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $2,010. The price is trading below $2,010 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line &#8230;

Ethereum Price Slide May Not Be Over Yet—More Losses Loom

US military actions may undermine peace efforts, increasing regional 
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The post US military strikes in Iran, Lebanon amid ongoing peace negotiations 
appeared first on Crypto Briefing.

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European tech sovereignty appeared first on Crypto Briefing.

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under $100 million.

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Ethereum Price Slide May Not Be Over Yet—More Losses Loom

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