Ethereum Pauses Its Decline above $2,000
Ethereum has continued to decline, but it halted above the $2,000 psychological price barrier on May 18. Ethereum Price Long-Term Analysis: Bearish The largest altcoin fell to a low of $2,077 before recovering. For the past 48 hours, the cryptocurrency price has fluctuated above the $2,000 support line while remaining below the moving average lines. Today, the Ether price is rising and approaching the moving average lines. On the upside, if the price movement stalls below the moving average lines, Ether is likely to remain below them for a few days. But if buyers push the price above the moving average lines, the altcoin will retest its previous high of $2,500. However, if the $2,000 key support is breached, Ether will fall to its previous low of above $1,800. Ether is currently at $2,128 at the time of writing. Technical indicators: Resistance Levels: $3,500 and $4,000Support levels: $2,500 and $2,000 Ethereum Indicator Analysis The ETH price has fallen below the horizontal moving average lines, indicating that the cryptocurrency may continue to decline. Ether price bars are below the downward-sloping moving average lines. The 21-day SMA is below the 50-day SMA, indicating a downtrend. The 21-day SMA acts as the resistance line for the price bars. Ethers price is









