Ethereum (ETH ($2,707.91)) 
$2,691, the largest altcoin by market capitalization, continues to experience a downward trend as it begins the year with losses. Over the last 24 hours, ETH has lost 3.5% of its value, dropping to $2,620. As selling pressure rises, the price approaches critical support levels. According to technical analysis, if ETH cannot maintain its current levels, it could fall to as low as $2,120.
Ethereum Analysis: The Downward Trend Persists
For the past two weeks, Ethereum has been fluctuating between $2,565 and $2,800. However, this latest drop has brought the price close to the lower boundary of this consolidation zone. If ETH breaks below the $2,560 level, selling pressure may increase, potentially driving the price down by 15% to $2,120.
