Key Points
- Ethereum’s price drops by 20%, testing critical support levels and creating market uncertainty.
- Vitalik Buterin presents Ethereum’s ambitious 2030 roadmap, focusing on scalability, security, and decentralization.
Ethereum has experienced a significant price drop, falling by roughly 20% in the last 24 hours and going under the important $3,000 mark.
The fall became more rapid as it dropped past key support levels at $2,800 and $2,650. This has pushed it into a bearish zone and caused concern among investors.
Ethereum’s Bearish Momentum
Over the past 24 hours, $2.04 billion has been wiped off the crypto market, with Ethereum accounting for $531 million of this total.
Ethereum’s price has fallen below crucial levels, slipping past key support zones at $2,800 and $2,650, indicating the start of a bearish phase.
Ethereum’s price fell further, breaching the $2,500 mark and reaching a low of $2,127, testing the $2,120 zone.
Despite temporary support, Ethereum is consolidating its losses above $2,300, with the broader trend remaining bearish.
Potential Scenarios for Ethereum
Ethereum is at a critical point, with both bullish and bearish scenarios possible.
On the bullish side, if Ethereum reclaims $2,800 support, it could signal a reversal. A broader market rally, particularly in Bitcoin, could provide further momentum.
On the bearish side, if Ethereum falls below $2,400, it may trigger stop-loss orders, pushing prices toward $2,200 or lower.
Looking ahead, Ethereum’s co-founder Vitalik Buterin has outlined an ambitious roadmap for Ethereum by 2030, focusing on scalability, security, and decentralization.
