Meanwhile, CrediBULL Crypto revised his earlier bullish wave interpretation following the latest decline. His analysis now allows another move toward the lower trading range before a possible recovery.
Read More: Ethereum Wallet Sells 4,785 ETH as Price Dips Near USD 2,000
His longer-term outlook identifies USD 1,380 as a key invalidation level, rather than an immediate downside target. The revised outlook raises one question: Can Ethereum defend USD 1,920 before sellers force another decline?
Technical indicators also reflected persistent weakness. Ethereum's daily Relative Strength Index stood at 24.09, below the conventional oversold threshold of 30, while the MACD remained negative.
Immediate support stood near USD 1,900, followed by USD 1,850 and USD 1,750. On the upside, a move above USD 2,000 would bring USD 2,020 and USD 2,100 into focus.
A sustained recovery would require stronger buying activity and a break above nearby resistance levels.
