#Recent Crypto Market Insights Ethereum Drops to December 2023 Lows: Bears Take It Below $2,000
The price of Ethereum has fallen another 13% in the past week. On Monday morning during Asian hours, the leading altcoin fell to $1,997, its lowest level since December 2023.
With the increasing bearish trend, the cryptocurrency could soon fall below the critical $2,000 support level again.
ETH Selling Increases: 50% of Traders Are in Loss
A chart review of ETH/USD reveals that the altcoin has been trading well below the Ichimoku Cloud since January 25.
Leading Spans A (green) and B (red) are formi