#Ethereum
*Ethereum Drops 4.58% to $2,083 as Sellers Break Below Key Moving Averages*
Ethereum is under pressure on the 15-minute chart, trading at *$2,083.67*, down *4.58%* in the last 24 hours after failing to hold gains above $2,157.
*Breakdown Below Moving Averages*
ETH rallied to a 24-hour high of *$2,194.72* earlier in the session before reversing sharply. The pullback accelerated after price broke below the MA7, MA20, MA50, MA100, and MA200 lines, all now stacked above at $2,101 to $2,159. The 15-minute chart shows a rejection at *$2,157.04*, followed by a series of lower highs and lower lows.
The latest drop pushed ETH to a 24-hour low of *$2,078.07*, and it’s currently consolidating just above that level. The break below all short to long-term MAs suggests sellers are in control on the intraday timeframe.
*Levels to Watch*
- *Support*: $2,078.07 is the immediate level. A break below could open risk toward $2,050.
- *Resistance*: $2,101–$2,107, where the MA7 and MA20 are now acting as dynamic resistance.
- *Volume*: 24-hour volume sits at 148.67M USDT, or 70,007 ETH, indicating active selling on the dip.
The chart shows momentum firmly bearish after the rejection near $2,157. For bulls to regain control, ETH needs to reclaim and hold above the MA20 at $2,107.29.
*Ethereum Drops 4.58% to $2,083 as Sellers Break Below Key Moving Averages*
Ethereum is under pressure on the 15-minute chart, trading at *$2,083.67*, down *4.58%* in the last 24 hours after failing to hold gains above $2,157.
*Breakdown Below Moving Averages*
ETH rallied to a 24-hour high of *$2,194.72* earlier in the session before reversing sharply. The pullback accelerated after price broke below the MA7, MA20, MA50, MA100, and MA200 lines, all now stacked above at $2,101 to $2,159. The 15-minute chart shows a rejection at *$2,157.04*, followed by a series of lower highs and lower lows.
The latest drop pushed ETH to a 24-hour low of *$2,078.07*, and it’s currently consolidating just above that level. The break below all short to long-term MAs suggests sellers are in control on the intraday timeframe.
*Levels to Watch*
- *Support*: $2,078.07 is the immediate level. A break below could open risk toward $2,050.
- *Resistance*: $2,101–$2,107, where the MA7 and MA20 are now acting as dynamic resistance.
- *Volume*: 24-hour volume sits at 148.67M USDT, or 70,007 ETH, indicating active selling on the dip.
The chart shows momentum firmly bearish after the rejection near $2,157. For bulls to regain control, ETH needs to reclaim and hold above the MA20 at $2,107.29.