news 
Ethereum (ETH) Price: Breaking Below $2,000 Signals End of Three-Year Bull Run
The price of Ethereum has crashed below the crucial mark of $2,000, marking a three-year bearish trend that may signal the end of an extended bull run. This significant breakdown comes amid broader market uncertainty and widespread liquidations across the cryptocurrency space.
The recent decline in price extends year-to-date losses to more than 37%, leaving many investors questioning the future trajectory of this digital asset. In contrast, some Ethereum whales have demonstrated renewed confidence by purchasing approximately 330,000 ETH within the past 48 hours. This accumulation could serve as a sign that these major holders are buying into the dip, which may ultimately impact price recovery.
Despite technical analysis suggesting further losses, a shift toward long-term holding and reduced selling pressure is being observed. The withdrawal of over 600,000 ETH from exchanges in the past week may be an indication that investors are shifting their focus towards longer-term prospects rather than immediate gains.
In order to regain upward momentum, bulls must reclaim the $2,460 resistance level, at which approximately 10.95 million investors currently hold Ethereum. Failure to do so would lead to further losses and potentially extend this current bearish trend.
Source: https://blockonomi.com/ethereum-eth-price-breaking-below-2000-signals-end-of-three-year-bull-run/
