Ethereum Price Analysis: Bears Eye $2K as ETH Loses Positive Momentum
Ethereum’s recent failure to reclaim the multi-month descending channel’s middle threshold of $2.6K has resulted in a significant rejection, signaling a possible continuation of the downtrend toward the mid-term $2.1K support level. Technical Analysis By Shayan The Daily Chart Ethereum’s price movement on the daily chart reflects a bull trap. After briefly surpassing the $2.6K…