Ethereum prevented a dip below the threshold after the August dip despite the crippling fear of a crash in the market.
Buying pressure for Ethereum is also declining, which could fuel the active downtrend, resulting in a price fall.
Immediate support for Ethereum lies at $1,429, which is where ETH’s price will be headed if the broader market cues remain bearish.Ethereum’s struggle to breach the $2,000 mark that started back in May this year has failed time and again. The biggest reason is the persisting investor fear thatis keeping the crypto market subdued.
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