• Ethereum’s price has been in decline for the past few weeks after failing to push through $2,000.
• Technical analysis suggests that a rebound from support levels such as $1,800 and $1,750 could lead to another run up toward the $2,000 mark.
• Sentiment analysis shows that taker buy sell ratio over the past few weeks has remained relatively stable.
Ethereum Price Analysis
Ethereum’s price has gradually declined over the past few weeks after being rejected from the psychological resistance level of $2,000 once more.
On the daily timeframe, the price has recently demonstrated bearish price action. The 50-day moving average, located around the $1,900 mark, was broken to the downside after holding the mark for a few weeks. The 200-day moving average, trending around the $1,800 area, and the $1