Ethereum Price is RISKY! If THIS happens, $ETH will Drop to $1,800

In our last Ethereum price prediction, we wrote about how Ether prices fell below $3,000. We also mentioned how prices will go further down towards $1,800 in case the crypto market stagnates. Despite crypto prices calming down a bit in the last few days, panic still looms over the market. What might happen in the near future? Let’s tackle the latest Ethereum price changes in this article.

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Ethereum Price is currently at a Support Area

Ethereum price has respected the support at +/- $2,300 and has been staying there for about a week. If support holds, Ethereum price could next surge to $2,850 as resistance is located there that has not yet been retested and thus not confirmed as resistance. The $2,850 to $3,000 zone has long served as support. If the price breaks the $2,300 support, we expect a descent to $2,000 – $1,800. There is support for a major sideways phase.

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Will Ethereum price Hold or Break $2,300?

The Ethereum price has a sideways phase between $2,300 and $2,550. Since flat periods count as corrective periods, we expect to break $2,300 and drop to $2,000 – $1,800. If we break the $2,550 resistance, we anticipate a move to $2,850 – $3,000. The price could then drop to $2,000 thereafter. In the end, it doesn’t matter whether we break out of the sideways phase in a bullish or bearish manner. The overall goal remains $2,000, regardless of the market trend.

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