Ethereum Price Forecast: Is $2K Inevitable As ETH Crashes 5% Again? Ethereum price dropped below the #036;2.17K-$2.22 K support zone, currently sitting around & #036;2.13K, indicating a bearish technical outlook. • Recent breakout from the ascending channel and rejection at the $2.44K supply area suggests sellers remain active, with potential resistance now at the broken support level. • Despite positive funding rates indicating pit placement, the risk of further reduction is present, especially if prices fall below #036;2.06K, with #036;2K being a significant psychological level.

Ethereum Price Forecast: Is $2K Inevitable As ETH Crashes 5% Again? Ethereum price dropped below the #036;2.17K-$2.22 K support zone, currently sitting around & #036;2.13K, indicating a bearish technical outlook. • Recent breakout from the ascending channel and rejection at the $2.44K supply area suggests sellers remain active, with potential resistance now at the broken support level. • Despite positive funding rates indicating pit placement, the risk of further reduction is present, especially if prices fall below #036;2.06K, with #036;2K being a significant psychological level.