Ethereum Price went to an accident at $ 2,000 with current price action

Ethereum price action Lowing red flags among analysts, with technical indicators pointing to a potential accident at $ 2,000. Despite experimenting A significant increase Recently, after the overvoltage of bitcoin prices, concerns continue to grow that a deeper correction could take place.

Ethereum Prix Crive at $ 2,000 imminent

Based on a new report By Master Ananda, an analyst of the TradingView crypto, the Ethereum market flashes warning panels as a price struggles below the critical resistance zone. At the time of the press, Ethereum is negotiated at around $ 2,605 after being rejected by a local summit of around $ 2,788.

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The table 4 hours of Ethereum presented by Maître Ananda shows that the Top Altcoin has probably finished a short term, and now a corrective decision is at stake. The analysis suggests a imminent price crashWith technical forecasts suggesting a retracement to the level of $ 2,000 or less before the next increased impulse.

Analysts Damn continuation thesis Seems to be a high probability configuration, Ethereum should review the levels of lower fibonacci trace. In particular, the graph reveals a subtle lower divergence forming when the price was slightly higher in May but with a decreasing momentum. This, in turn, created a growing resistance line while the volume and price action has failed to confirm new heights.

Significantly, the price of Ethereum has since broken the level of 0.230 fibonacci, signaling the possible Start of a wider correction phase. The next probable support areas are at $ 2,280 (0.382 FIB), $ 2,085 (0.5 FIB) and, above all, the price of $ 1,900 at the level of retracement of 0.618 FIB.

The green zones highlighted in the Master Ananda graph represent the potential support and purchase areas, which indicate the range of $ 1,900 to $ 1,735 (0.618-0.786 FIB) as the most likely area for a lower lower to train. The previous major bottom occurred on April 7, and the wait is that this correction will end above this level. Until then, a short-term correction remains the most likely scenario, and traders are warned to take caution, because the graph also highlights an accident that may be more resounding at $ 1,385.

ETH trade strategy: buy the DIP and go a long time

While sharing his Downstanding thesis for EthereumMaître Ananda also provided a clear strategy for investors and traders. He advised long -term holders to patiently wait for the expected decline and assess the support reaction before looking for clear reversal signals.

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Buy support areas like $ 1,900 or even as low as $ 1,736 could provide Optimal input points For long -term positions. Although Bears can always try to short-circuit the market, Maître Ananda assures that the decline remains limited.

The analyst highlights the importance of planning and avoiding impulsive exchanges by creating ideal entry and exit points while respecting the market trend in force. With Ethereum’s optimistic perspectives are always intactThis planned price crash could become an opportunity for many traders instead of a threat.

Getty Images star image, tradingView.com graphic