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Latest Technical Analysis: ETH has been in a medium- to long-term downtrend channel for several consecutive months. At the end of March, it clearly broke through the short-term bullish trend line and is currently under pressure below the EMA50. The price retraced over 58% from last year's high of 4955 but formed a low-volatility zone around 2000, with clear signals of continuous whale accumulation.
Support levels are at 1950-1900; a break below could see it at 1820!
In the short term, the outlook remains bearish, but the bottom characteristics are becoming more evident. Waiting patiently for a good entry opportunity!