Ethereum Price Extends Losses Near $2,000

Ethereum price extends losses, struggling to stay above $2,040, with the $2,000 support facing breakdown risk. The primary keyword ethereum price extends losses 2000 is a concern for investors.

Ethereum Price Analysis

Ethereum started a fresh decline from the $2,150 zone, with the price trading below $2,120 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,075 on the hourly chart of ETH/USD.

Key Stats

• The price traded as low as $2,016.
• The bears remained active near the $2,075 resistance zone.
• The 23.6% Fib retracement level of the downward move from the $2,167 swing high to the $2,016 low is a key level to watch.

Ethereum Price Prediction

If the bulls remain in action above $2,020, the price could attempt another increase. Immediate resistance is seen near the $2,075 level, with the first key resistance near the $2,100 level or the 50% Fib retracement level of the downward move from the $2,167 swing high to the $2,016 low.

Resistance Levels

• $2,120 resistance might send the price toward the $2,150 resistance.
• An upside break above the $2,150 region might call for more gains in the coming days.
• $2,220 resistance zone or even $2,250 in the near term are possible targets.

Key Takeaways

• Ethereum price extends losses, with the $2,000 support facing breakdown risk.
• The price is trading below $2,120 and the 100-hourly Simple Moving Average.
• Immediate resistance is seen near the $2,075 level.
• A clear move above the $2,120 resistance might send the price toward the $2,150 resistance.

Frequently Asked Questions

What is the current Ethereum price?

The current Ethereum price is around $2,040, with the $2,000 support facing breakdown risk.

What are the key resistance levels for Ethereum?

The key resistance levels for Ethereum are $2,075, $2,100, and $2,120, with the $2,150 region being a crucial level to watch.