Price Prediction
Ethereum Price Analysis: Is $2K Next?
Ethereum's price has dropped to around $2.2K, breaking below a key ascending channel and entering a critical demand zone. The Coinbase Premium Index has reached its lowest level in over a year, indicating weak demand from US investors and suggesting a potential capitulation phase. If the $2.2K support holds, ETH may attempt a recovery towards $2.5K; however, a daily close below $2.2K could lead to a decline towards the $1.9K support level.