<a href="https://www.cryptoknowmics.com/glossary#ethereum" target="_blank" rel="noopener">Ethereum</a> experienced a notable surge, surpassing the $2,350 mark, but encountered resistance around $2,400, leading to a swift 8% decline mirroring Bitcoin's trajectory. The dip breached the $2,200 support and saw a crucial bullish trend line near $2,340 broken on the hourly ETH/USD chart.

Subsequently, ETH dipped below $2,000 before a restorative rebound. The lowest point reached was approximately $1,980, prompting a recovery attempt. The price ascended past $2,150 and $2,180, surpassing the 50% Fibonacci retracement level from the $2,401 peak to the $1,980 low.
<h2>Ethereum Faces Resistance at $2,275, Key Levels Analyzed</h2>
However, facing a hurdle near the $2,275 zone, the next significant resistance lies at $2,300 or the 76.4% Fib retracement level. A successful breach of this resistance could propel Ethereum toward $2,400, followed by $2,450, and potentially reaching $2,500.

Conversely, failure to overcome the $2,300 barrier might lead to renewed downward pressure. Initial support is at $2,180, followed by $2,120, while the critical support stands at $2,100. A breach below $2,200 could trigger an extended decline, with $2,000 being a pivotal level and a risk of reaching $1,880 in the short term.

Ethereum at $2,000: Analyzing Attractive Dips

Ethereum's dive to $2,000 raises questions. Explore the attractiveness of these dips and their implications for investors. 📉💸 #EthereumPrice #CryptoDips

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

Ethereum at $2,000: Analyzing Attractive Dips

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