The post ETH dips 6% as analyst says further pain awaits appeared on BitcoinEthereumNews.com.

Ethereum (ETH) price has dropped below $2k, and could plummet further amid Bitcoin declines. One analyst says a retest of $1,750 is possible. Analysts also wonder if the Pectra upgrade will prove a catalyst or just another milestone. Ethereum is down 6% in the past 24 hours, trading to near $1,900 after another rejection from a key resistance level. With the broader market also in turbulence, a crypto analyst has shared a forecast that shows ETH faces further pain. Potentially, Bitcoin (BTC) wavering any further will see Ethereum price drop to levels seen in early March. Ethereum price outlook The broader cryptocurrency market is showing signs of strain. BTC is hovering near $85k and the global market cap is down to $2.86 trillion. Traders are nursing nearly $360 million in liquidations in the past 24 hours. Amid this outlook, crypto analyst Carl Moon suggests fresh declines for Bitcoin will accelerate Ethereum’s downturn. In a post on X shared with his 1.4 million followers, Carl Moon, points to Ethereum’s failure to break above $2,100 as a potential catalyst for new lows. “So far, Ethereum hasn’t been able to overcome the resistance at $2,100, and now could be in serious trouble.,” he noted. “We have a high chance of retesting this wick if Bitcoin breaks down today.” So far, #Ethereum hasn’t been able to overcome the resistance at $2,100, and now could be in serious trouble. We have a high chance of retesting this wick if #Bitcoin breaks down today. pic.twitter.com/A48hn4ZC2T — Carl Moon (@TheMoonCarl) March 28, 2025 Moon’s chart accompanying the forecast, as shown above, highlights a potential retest of a previous price wick around $1,750. This means ETH could extend the pain from the $2.1k resistance line to 16%. Currently, the top altcoin’s value is down 23% in the past…

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Filed under: News - @ March 28, 2025 11:28 am