Ethereum Drops Over 5%, Falls Below $1,800 Support Level
By
Aayush Jindal
4h ago· 2 min readenNews
70/100
Toasty
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Toasted to a respectable shade. No regrets, no crumbs left.
Score70TypenewsSentimentnegative
Summary
Ethereum price experienced a sharp decline, dropping over 5% and falling below the $1,800 support level. After failing to hold above $1,880, ETH dipped to a low of $1,716 and is now consolidating losses. A bearish trend line is forming with resistance at $1,800, suggesting further downside potential.
Key quotes
· 4 pulledEthereum price started a fresh decline and traded below $1,800.
ETH price dipped below the $1,840 and $1,820 levels.
A low was formed at $1,716, and the price is now consolidating losses well below the 23.6% Fib retracement level.
There is also a bearish trend line forming with resistance at $1,800.
Ethereum price started a fresh decline and traded below $1,800. ETH is now consolidating below $1,800 and might continue to move down.
