Price Prediction
Ethereum Price Prediction: Is $2K Inevitable?
Ethereum's price has fallen below the $2.17K-$2.22K support zone, currently sitting around $2.13K, indicating a bearish technical outlook. A recent breakdown from the ascending channel and rejection at the $2.44K supply zone suggest sellers remain active, with potential resistance now at the broken support level. Despite positive funding rates indicating bullish positioning, the risk of further declines exists, particularly if prices drop below $2.06K, with $2K being a significant psychological level.