TA: waarom Ethereum (ETH) drops $2K, Beren under control

Ethereum is down 5% and is trying to stay above $ 2,000 against the US dollar. The price of ETH could drop sharply if a break occurs and approaches $ 2,000.

Ethereum shows decline symbols below the $ 2050 and $ 2100 levels.
The price is currently trading well below the $ 2100 resistance and 100-hour simple moving average.
There was a break below the main contract triangle with support of about us $ 2110 on the hourly ETH/USD card (data feed via Kraken).
The pair must remain above the $ 2,000 support to avoid a significant drop in the near term.

Ethereum Price Remains Under Threat
There was a new drop in ethereum resistance territory of $ 2175, similar to bitcoin. ETH broke multiple support for it to enter the $ 2100 zone and the 100-hour simple moving average into the drop zone.

There was also a break below the main contract triangle, with ETH / USD supporting close to $ 2110 on the hourly chart. The pair traded under $ 2,050 in support and tested $ 2,000 in support. Tier 2 was set at around $ 009, and the price is now compounding the losses.

Sudden resistance at the peak is near the $ 2050 zone. Near the 23.6% Fibonacci correction level of the latest drop, from $ 2175 to a low of $ 2,009.

Source: ETHUSD-on TradingView.com
Initial key resistance is close to $2090 and $ 2100 levels. The 50% Fibonacci correction level of the latest drop is also close to $ 2090, falling from $ 2175 to $ 2,009. Just above $ 2100 could start with a wave of decent recovery in the near term. The next big resistance is near the $ 2175 level.

Any more casualties in the ETH?
If Ethereum fails to rise above $ 2050 or $ 2100, it can continue to move downward. Initial support at the bottom is near the $ 2,010 level.

The first big support is close to the $ 2000 level. If ether bulls fail to maintain support levels of $2,010 and $2,000, there is a possibility of a sharp drop. In this case, ethereal bears may aim to test the support level of $ 1850. Decommissioning could be close to $ 1,920.

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