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24 June 2021

Ethereum Price Analysis: ETH Breaks Key Support, Could Revisit $2K | Live Bitcoin News

Ethereum Price Analysis: ETH Breaks Key Support, Could Revisit $2K | Live Bitcoin News


smart summary beta

ETH/USD could extend losses as long as it is below the $2,600 support zone.

There was also a break below a key bullish trend line with support near $2,780 on the 4-hours chart.

Any more losses could set the pace for a drop towards the $2,000 support zone in the near term.

Looking at the chart, Ethereum price is clearly trading well below the $2,600 level and the 55 simple moving average (4-hours).

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