ETH Downtrend Strengthens: Will Ethereum Face a Steeper Fall?
Ethereum trades near $2,250 with weak momentum and bearish signals dominating charts, despite strong network growth. The price remains under pressure below major resistance levels, with a risk of further decline.
Ethereum is trading near $2,250 with weak recovery after a long fall. The price remains below key moving averages, signaling a short-term downtrend. A crucial support level is near $2,200, and a drop below it may lead to increased selling pressure. Global economic factors, including inflation worries and cautious investors, contribute to the decline. Ethereum's strong network activity, with over 200 million transactions in a single quarter, fails to support price growth. The risk of further decline remains, with potential price tests between $1,900 and $1,700.
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