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Ethereum has lost its hold at the most important level of $ 2,000 and revives the fear of a deeper correction as the sales pressure rends on the market. Since March 19, ETH has succeeded in retaining more than $ 1,930, but the recent weakness has the price dangerously close to breaking below $ 1,900. The drop has added fuel to Bearish speculation, in which traders and analysts now wonder whether a greater withdrawal is underway.
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The inability to keep above psychological support levels has heavily weighed in sentiment, especially because a broader market volatility continues to grow. Top analyst Carl Runefelt shared his prospects on the current structure of Ethereum and noted that it has repeatedly repeatedly overcome the resistance at $ 2,100 – a level that now acts as a sturdy ceiling for bullish momentum. According to Rune, this repeated rejection suggests that Ethereum could be in serious problems if buyers do not arrive quickly.
With momentum blur and no clear catalyst in sight, Ethereum risks further if $ 1,900 does not hold. Traders keep a close eye on signs of a reversal, but for now the path seems to be down from the least resistance. ETH must quickly regain lost levels to prevent a wider Bearish trend from being confirmed.
Bulls are confronted with key test if resistance weighs on price action
Ethereum is under pressure because the wider crypto market is confronted with one of the most crucial tests in months. With macro -economic uncertainty assembly and fears for a potential recession in the United States, risk activa are struggling across the board to get a grip – and Ethereum is no exception. The current market environment remains hostile, with inflation problems, unstable monetary policy and the tensions of global trade that shake investor confidence.
The ETH price action has been particularly overwhelming. Despite the widespread expectations that Ethereum would lead a strong meeting at the beginning of 2025, it did not actively achieve bullish projections. Instead of gaining ground, ETH is stuck and is now struggling to keep support levels in the midst of a growing sales pressure.
RuneFelt’s Bearish Outlook suggests that Ethereum has repeatedly breaking the resistance level of $ 2,100. According to Runefelt, this resistance zone is crucial – and the inability of Ethereum to overcome it can be a sign of deeper weakness ahead. He warns that if Bitcoin experiences a breakdown, Ethereum could follow the wick and possibly test again near $ 1,750, which marked a local low point during an earlier correction.
With momentum blur and no clear bullish catalyst in sight, the price structure of Ethereum remains fragile. Unless Bulls will soon reclaim the most important levels, ETH can be confronted with a deeper relapse, especially if the broader market sentiment continues to deteriorate.
Traders look closely at Bitcoin and macro -economic developments for instructions, knowing that a decisive movement in both directions can be the next important trend of Ethereum. For now the pressure on – and the resilience of Ethereum is about to be tested.
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Eth Bulls struggling to keep important support
Ethereum (ETH) is currently traded at $ 1,910 after he is not above the critical level of $ 2,000, a psychological and technical barrier that has now been reversed. The breakdown has weakened the short -term momentum and left bulls in a defensive position while the sales pressure continues to mount.
At this stage, the level of $ 1,880 emerged as an important support zone that must defend bulls to prevent a deeper correction. Holding this level can make a consolidation phase possible and give Ethereum the opportunity to stabilize before you try a new push higher. However, if ETH loses $ 1,880, this could cause a wave of aggressive sale, which activates a continuation of the current downward trend and the price may push to the range of $ 1,750.
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To regain control of the trend, Bulls must reclaim the $ 2,000 marking as quickly as possible. A decisive movement back above this level would signal a renewed strength and open the door for a rebound in the direction of higher resistance zones. Until that time, Ethereum remains in a fragile position, with the risk that further downward growth will become a macro -economic pressure and technical weakness continue to weigh on price action.
Featured image of Dall-E, graph of TradingView