#SecureYourAssets ⚠️🚨The second-largest cryptocurrency by market capitalization, Ethereum, is exhibiting warning indicators as it tries to regain stability above crucial support levels. ETH is now trading at about $1,960, having dropped sharply from its peak of about $4,000 earlier in this cycle. Technical indicators now indicate that a decline below $1,000 might be imminent for the first time in almost three years.
Since January, the price chart has consistently shown a downward trend, with ETH marking lower highs and lower lows. Bearish momentum is further cemented by the recent rejection from the $1,850-$2,000 resistance range. The fact that the asset is currently trading below the 50, 100 and 200-day EMAs — all of which have evolved into dynamic resistance zones — is even more concerning.$
