Ethereum Falls Below $2,000 to $1,958.4, Down 6.2% in 24 Hours

Ethereum (ETH) dropped 6.2% to $1,958.4 over the past 24 hours, retreating from above $2,090 earlier in the day, The Crypto Basic reports. Trading volume rose 11.25% to $3.41 billion, while the token posted declines of 6.2% over 7 days, 40.57% over 30 days and 51.92% over 180 days. The 50-day and 100-day EMAs at $2,579.64 and $2,887.04 act as resistance, with immediate support near $1,900; an ADX reading of 55.43 signals strong bearish momentum that may persist unless a reversal develops, according to The Crypto Basic.