What Could Send Ethereum Crashing To $2,000, According To Crypto Analyst

Ethereum has been hitting some minor milestones since the market crash. Obviously following behind market leader bitcoin, it has posted small recoveries that brought it out from its last month low. But while this has been encouraging for investors, there is still a long way to go, meaning that the digital asset could go either way at this point. Bears are trying hard to drag it down to a new low and crypto analyst Justin Bennett maps out what could give the bears exactly what they want. Ethereum To $2,000? Currently, the price of Ethereum is trading close to $3,000. This does not mean that the digital asset has been able to test this coveted level. Rather, it is showing a bit of support around the $2,800 price point. Nevertheless, this remains a volatile market and the asset could easily fluctuate down as it would upwards. Only a strong resistance point stands between ETH and touching $2,000. Related Reading | Double Threat: Bitcoin And Ethereum, Start Of Bear Market Or Bullish Consolidation? Crypto analyst Justin Bennett explains in his latest newsletter what is an important support for the digital asset. He acknowledges the pullback that the asset has experienced following alongside bitcoin, expressing that it sees some key support below its present price. However, without being able to defend the $2,500 level going forward, it would be hard to carve out a higher low. ETH begins recovery trend | Source: ETHUSD on T...