Ethereum Faces Downside Risk Amid Selling Pressure
- Ethereum (ETH) is trading at $1,910 after failing to maintain the critical $2,000 level.
- The $2,100 resistance level remains a significant barrier for Ethereum’s bullish momentum.
- The price has been hovering near the $1,900 mark, with $1,880 identified as a key support zone.
- If ETH falls below $1,880, it may trigger further selling and push prices towards $1,750.
- Broader market volatility and macroeconomic uncertainties are contributing to Ethereum’s struggles.
Ethereum’s inability to break above the $2,000 mark has left it vulnerable to further declines. The asset faces significant resistance at $2,100 and must hold above $1,880 to avoid deeper corrections.
Source (2.6)https://www.newsbtc.com/news/ethereum/ethereum-fails-to-break-2100-resistance-growing-downside-risk/?rand=52377