Ethereum has encountered a sharp decline, breaching several key support levels. Market sentiment remains bearish, and further corrective consolidations are likely before deeper declines.

- Ethereum has fallen below significant support zones at $2K and $1.5K.

- The current critical support at $1.5K may temporarily halt the decline.

- Further downside to the level of $1.1K is possible in the medium term.

- The "death cross" on the chart reinforces bearish sentiment.