At the start of February, we saw the entire crypto market rebound sharply. Ethereum (ETH) was one of the key performers and at one point, even got closer to $4000. But it has been a sharp fall ever since. More importantly, ETH has fallen below the crucial support zone of $2800. So, how far can bears take this? Here are some highlights:
ETH was trading at $ 2734 at press time, down about 5% in the last 24 hours
ETH has also fallen below the crucial 20-day exponential moving average
It is likely that the coin will fall to its next support of $2400 in the coming days.