Ethereum (ETH/USD) continued its downward movement, nearing the $1,965 target as selling pressure intensified. The 50-day Exponential Moving Average (EMA50) is reinforcing bearish momentum, increasing the likelihood of further declines.
With this persistent selling pressure, Ethereum could extend its losses toward the next key support at $1,850 in the upcoming sessions.
Key Levels to Watch:
Support: $1,965, followed by $1,850
Resistance: A potential recovery may face hurdles near $2,020
Trend Forecast: Bearish
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