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TL; DR faultEthereum Price Analysis SupportShort ETH/USD resistance level at $2005ETH's support level is at $1928,Join us, official account: Chen is bad, not badRecent Ethereum price analysis shows that in the recent downward trend, bears can push prices below $2000. Due to the price falling again during the day, bears dominated the price chart. At present, its closing price is 1953 US dollars, and it is expected to drop to a lower level in the next few hours.Cryptocurrency price heatmap: Coin360The downward trend is expected to continue in the future, while the broader cryptocurrency market indicates a downward trend. However, bulls can still provide some support at $1928 by resisting bearish pressure and helping tokens find stability. At present, the resistance of the ETH/USD currency pair is at the 2005 US dollar level, which was breached a few hours ago. However, bears have taken over and may prevent prices from exceeding this level in the short term.Ethereum price analysis 1-day price chart: bearish pressure still suppresses price functionLooking at the 1-day price chart of Ethereum's price analysis, it is shown that due to the increasing bearish trend, prices have steadily declined. Short and long positions are in a tug of war, and currently, short positions have managed to keep prices below $2000. The current market trading volume is as low as $12 billion, which has led to a price drop and a market value of $235 billion.ETH/USD1 daily price trend chart: TradeViewThe technical indicators of Ethereum price analysis are still bearish, indicating that bears will continue to dominate the market in the coming hours. The MACD indicator is still in a bearish position, indicating that the selling pressure on the ETH/USD currency pair is still high. Similarly, the RSI index has dropped to 64.43, indicating that market sentiment is bearish. The moving average indicator for the 1-day price chart is $2034, but it is not expected to break through soon.Ethereum Price Analysis: Recent Developments and Further Technical IndicatorsThe 4-hour Ethereum price analysis shows signs of bearish activity as prices decline to a significant level. The price is currently at the $1953 mark and is expected to go even lower in the coming period. The 4-hour chart shows bearish signs in technical indicators, with the MACD line located below the signal line, indicating bearish momentum.ETH/USD 4-hour price trend chart: TradeViewThe score of the Relative strength index (RSI) declined, but it was in an oversold area of 32.28, indicating more bearish sentiment in the future. The moving average (MA) value is still at $1989, but the MA50 and SMA20 lines are moving south, indicating that the bearish trend may also continue in the near future.Ethereum Price Analysis Conclusion 2,000 ETH's support level is at $1928, 2,005

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