Ethereum price: Classic chart pattern puts sub-$2K ETH in focus

💡 DMK Insight

Ether’s potential drop to the $1,665-$1,725 range is a wake-up call for traders. With ETH currently at $2,252.37, the bearish signals are hard to ignore. Technical indicators are showing weakness, and on-chain metrics suggest selling pressure is mounting. If ETH breaks below the $2,200 mark, it could trigger further selling, pushing it closer to that $1,665-$1,725 target. Traders should be wary of this potential decline, especially with the broader market sentiment leaning bearish. If you’re holding long positions, now might be the time to reassess your strategy. But here’s the flip side: if ETH manages to hold above $2,200, it could create a short-term bounce opportunity. Watch for volume spikes around this level as they could indicate whether the bulls are stepping in or if bears are taking control. Keep an eye on the next few days; a decisive move below $2,200 could accelerate the decline, while a bounce could signal a temporary bottom.