Overview
- Ethereum fell about 5% to roughly $2,200 in a fourth straight daily loss after a rejection at $2,400, as investors grew cautious over delayed U.S.–Iran talks and signs the Federal Reserve may keep rates higher for longer.
- The decline confirmed a break below an ascending support line that had guided the rebound since late March, signaling that sellers now have the upper hand.
- Technical gauges turned downbeat with Aroon Down near 93%, Aroon Up near 7%, and a bearish MACD crossover, which together point to pressure building toward $2,000.
- Traders are watching $2,000 as the next support, while reclaiming $2,275 to $2,300 could open a path to retest $2,400 according to recent technical views.
- A similar setup in mid-January preceded a drop of more than 45%, a comparison analysts cite to underscore current downside risk.