coin-img-ETHETH+4.70%coin-img-BTCBTC+3.46%coin-img-SOLSOL+3.14%coin-img-XRPXRP+4.42%coin-img-USDCUSDC-0.01%coin-img-BNBBNB+1.12%coin-img-TRXTRX+1.20%coin-img-DOGEDOGE+2.32%coin-img-ETHETH+4.70%coin-img-BTCBTC+3.46%coin-img-SOLSOL+3.14%coin-img-XRPXRP+4.42%coin-img-USDCUSDC-0.01%coin-img-BNBBNB+1.12%coin-img-TRXTRX+1.20%coin-img-DOGEDOGE+2.32%coin-img-ETHETH+4.70%coin-img-BTCBTC+3.46%coin-img-SOLSOL+3.14%coin-img-XRPXRP+4.42%coin-img-USDCUSDC-0.01%coin-img-BNBBNB+1.12%coin-img-TRXTRX+1.20%coin-img-DOGEDOGE+2.32%coin-img-ETHETH+4.70%coin-img-BTCBTC+3.46%coin-img-SOLSOL+3.14%coin-img-XRPXRP+4.42%coin-img-USDCUSDC-0.01%coin-img-BNBBNB+1.12%coin-img-TRXTRX+1.20%coin-img-DOGEDOGE+2.32%
user-avatar
Scott Matherson

Analyst Says Ethereum’s Drop Below $2,000 May Precede Strong Rebound As Key Levels Hold

Ethereum’s decline below the $2,000 mark has shaken sentiment and dragged broader altcoin prices lower, prompting heightened fear among traders. Crypto analyst ChainHub argues that market conditions now resemble downside exhaustion, with the ETH/BTC structure still intact and major demand zones forming around $1,700 for ETH and across several altcoins. He links this view to Bitcoin’s retest of its summer 2024 demand range and suggests the market could soon transition into a consolidation phase before attempting a bullish recovery.
Selected
ETH
ETH+4.66%
BTC
BTC+3.44%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
TradingEthereum