Ethereum Price Analysis: ETH Crashes 10% Weekly – How Low Can It Go?
Photo: CryptoPotato
Ethereum’s prolonged consolidation beneath resistance has pushed the asset lower, sending it toward $2.42K. The breakdown has weakened short-term structure, while the broader recovery now depends on buyers defending the support areas below. Ethereum Price Analysis: The Daily Chart On the daily timeframe, Ethereum has fallen sharply after repeatedly failing to clear the $2.68K–$2.77K resistance zone. The large bearish candle marks a departure from the recent consolidation, suggesting that sellers have gained control of the immediate price action. Momentum has also deteriorated, with the daily RSI dropping to approximately 44 and moving below neutral.
Source: CryptoPotato
