Ethereum onchain data suggests $2K ETH price is out of reach for now
The ETH price slump continues due to weakening network activity and a declining TVL, as a classic chart pattern points to a further downside for Ether.
Ether’s (ETH) price has been consolidating within a roughly $130 range over the last seven days as $2,000 remains strong overhead resistance.
Data from Cointelegraph Markets Pro and Bitstamp shows that ETH price oscillates within a tight range between $1,810 and $1,960.
ETH/USD daily chart. Source: Cointelegraph/TradingView
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