Ethereum Drops Below $2,000 as ETH/USD Faces $2,050 Resistance

Ethereum resumed its decline and traded below $2,000, after failing to hold above $2,040. ETH is consolidating near $2,000 while remaining below $2,010 and the 100-hourly Simple Moving Average, with $2,050 marked as a key resistance. On the downside, support is highlighted around $1,980 and $1,965, with further levels at $1,920, $1,850, and $1,780 if losses extend.