Ethereum drops below €1,800 — these are the key zones
Ethereum broke through 2,000 dollars and trades around €1,820, below both the 50-day and 20-day averages. The 200-day average at €1,950 is the key threshold.
The Ethereum price broke through the 2,000 dollars mark and briefly dipped to 1,971 dollars — roughly €1,820 converted.
Below crucial support
The price now trades below crucial support points and sits below both the 50-day and the 20-day moving averages. The 200-day average around €1,950 is seen as the key threshold: only above it do analysts expect confidence to recover.
Large players are buying more
Despite the pressure, large players keep buying. Crypto treasury companies such as Bitmine Immersion Technologies actually bought aggressively during the dip, which points to confidence over the longer term.
Sources: Crypto News, CryptoKoersEuro.