$ETH Price Slide May Not Be Over Yet—More Losses Loom
Ethereum is trading near the $2,000 level after declining from its recent high around $2,140, keeping the market under bearish pressure.
The $1,965–$1,980 zone is acting as key short-term support. If this level holds, ETH could attempt a recovery toward $2,050 and possibly $2,120. However, losing this support may trigger further downside toward $1,920 or even $1,850.
Technically, the structure remains weak. The break below the $2,015 trend line and continued trading under the 100-hour moving average indicate bearish control. Momentum indicators like MACD are gaining strength in the bearish zone, while RSI remains below 50.
Overall, Ethereum is at a critical level—holding near $2,000 may allow stabilization, but a breakdown below $1,965 could accelerate losses in the near term.