Ethereum Price Drops to $2,100, Shaking Confidence Amid Volatility

Ethereum price started a sharp decline from the $2,385 zone. ETH is now consolidating above $2,100 and might aim for a recovery wave if it climbs above $2,200. Ethereum started a sharp decline below the $2,320 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There was a break below a major bullish trend line with support at $2,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,200 zone. Ethereum Price Takes Hit Ethereum price failed to stay above $2,320 and started a fresh decline, like Bitcoin. ETH price declined below $2,250 and $2,200 to enter a short-term bearish zone. There was a break below a major bullish trend line with support at $2,160 on the hourly chart of ETH/USD. The pair even spiked below $2,120. A low was formed at $2,100, and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $2,385 swing high to the $2,100 low. Ethereu