Ethereum Price Declines Consolidating above $2000, May Resume Uptrend

[Rockalo]

The price of Ethereum (ETH) price has fallen to the low of $2,000 as the downtrend has reached bearish exhaustion. The support level above $2,000 has held since April 18.

Ethereum Price Long-Term Analysis: Bearish
Before the recent breakdown, the altcoin fluctuated below the $2,260 resistance for five days. Currently, there are bullish signals above the $2,000 support. The price is consolidating above the current support as bears and bulls contemplate the next move. On the upside, a bounce above the current support will push the cryptocurrency to retest the high of $2,260 or $2,340. Nonetheless, Ethereum has already fallen into oversold territory in the market. Buyers are expected to emerge in the oversold region of the market. More information: Please click here