Cryptocurrency

Ethereum Price Drops Near $2,020, Downside Pressure Continues to Build

• What: Ethereum price dropped near $2,020, facing downside pressure.
• Why: Failed to clear the $2,200 zone, leading to a decline.
• Signal: Trading below $2,120 and the 100-hourly Simple Moving Average.
• Target: Might struggle to start a recovery wave.
• Risk: Continues to build, with a key bearish trend in place.