#Ethereum is currently at 2,062 USD, (-0.88%)

• ETH is attempting to break through the 20-day moving average at 2,057 USD. If successful, this could signal a recovery and push the price up to higher resistance levels such as the 50-day SMA (2,356 USD) and then 2,550 USD.

• Key support level: If ETH fails to maintain above 2,057 USD and falls below 1,750 USD, the downtrend may continue towards the important support area at 1,550 USD.

• Note: The cryptocurrency market is highly volatile and unpredictable. Investors should closely monitor market developments and carefully consider before making trading decisions. $ETH (quote)