Ethereum Price Faces a New Risk and Potential Dip – Here’s Why
BeInCrypto
Ethereum’s price is facing potential downward pressure as it breaks from technical support levels amid rising bearish momentum.Summary
Ethereum (ETH) is showing signs of weakness after breaking below its daily ascending channel midline. If the asset fails to hold its current support at $2,264, it risks a further decline toward $2,070. Technical indicators, including a bearish shift on 4-hour charts and declining volume, suggest that sellers are gaining control. Additionally, Ethereum is underperforming against Bitcoin, with analyst Michael van de Poppe identifying 0.026 BTC as a critical long-term support level for institutional interest, while current trends point toward a potential test of 0.028 BTC in the near term.
(Source：BeInCrypto)