• bitcoinBitcoin (BTC) $ 82,933.00
  • ethereumEthereum (ETH) $ 1,894.52
  • tetherTether (USDT) $ 0.999942
  • xrpXRP (XRP) $ 2.32
  • bnbBNB (BNB) $ 602.49
  • solanaSolana (SOL) $ 127.54
  • usd-coinUSDC (USDC) $ 0.999887
  • cardanoCardano (ADA) $ 0.702260
  • dogecoinDogecoin (DOGE) $ 0.169312
  • tronTRON (TRX) $ 0.213014
  • staked-etherLido Staked Ether (STETH) $ 1,893.28
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 82,771.00
  • pi-networkPi Network (PI) $ 1.40
  • leo-tokenLEO Token (LEO) $ 9.54
  • chainlinkChainlink (LINK) $ 13.47
  • the-open-networkToncoin (TON) $ 3.43
  • usdsUSDS (USDS) $ 0.999856
  • stellarStellar (XLM) $ 0.265915
  • wrapped-stethWrapped stETH (WSTETH) $ 2,266.96
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • hedera-hashgraphHedera (HBAR) $ 0.184175
  • avalanche-2Avalanche (AVAX) $ 18.44
  • suiSui (SUI) $ 2.24
  • litecoinLitecoin (LTC) $ 90.91
  • mantra-daoMANTRA (OM) $ 6.78
  • bitcoin-cashBitcoin Cash (BCH) $ 334.47
  • polkadotPolkadot (DOT) $ 4.31
  • ethena-usdeEthena USDe (USDE) $ 0.999458
  • wethWETH (WETH) $ 1,895.17
  • bitget-tokenBitget Token (BGB) $ 4.37
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999875
  • hyperliquidHyperliquid (HYPE) $ 13.29
  • whitebitWhiteBIT Coin (WBT) $ 28.44
  • wrapped-eethWrapped eETH (WEETH) $ 2,011.04
  • moneroMonero (XMR) $ 211.66
  • uniswapUniswap (UNI) $ 6.16
  • susdssUSDS (SUSDS) $ 1.04
  • daiDai (DAI) $ 0.999934
  • aptosAptos (APT) $ 5.18
  • nearNEAR Protocol (NEAR) $ 2.53
  • okbOKB (OKB) $ 48.96
  • mantleMantle (MNT) $ 0.824376
  • pepePepe (PEPE) $ 0.000007
  • internet-computerInternet Computer (ICP) $ 5.61
  • ethereum-classicEthereum Classic (ETC) $ 17.47
  • gatechain-tokenGate (GT) $ 21.33
  • ondo-financeOndo (ONDO) $ 0.820607
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 82,914.00
  • aaveAave (AAVE) $ 166.17
  • tokenize-xchangeTokenize Xchange (TKX) $ 29.92
  • official-trumpOfficial Trump (TRUMP) $ 11.30
  • crypto-com-chainCronos (CRO) $ 0.080049
  • vechainVeChain (VET) $ 0.024381
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • cosmosCosmos Hub (ATOM) $ 4.68
  • bittensorBittensor (TAO) $ 244.56
  • kaspaKaspa (KAS) $ 0.074439
  • ethenaEthena (ENA) $ 0.359654
  • filecoinFilecoin (FIL) $ 2.86
  • celestiaCelestia (TIA) $ 3.42
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.209486
  • fasttokenFasttoken (FTN) $ 3.99
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 83,049.00
  • render-tokenRender (RENDER) $ 3.13
  • algorandAlgorand (ALGO) $ 0.187299
  • sonic-3Sonic (prev. FTM) (S) $ 0.499053
  • arbitrumArbitrum (ARB) $ 0.351157
  • arbitrum-bridged-usdt-arbitrumArbitrum Bridged USDT (Arbitrum) (USDT) $ 0.999815
  • story-2Story (IP) $ 5.51
  • kucoin-sharesKuCoin (KCS) $ 11.06
  • optimismOptimism (OP) $ 0.835202
  • jupiter-exchange-solanaJupiter (JUP) $ 0.493811
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.510054
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 82,833.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,896.22
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,966.77
  • xdce-crowd-saleXDC Network (XDC) $ 0.067646
  • movementMovement (MOVE) $ 0.438614
  • nexoNEXO (NEXO) $ 1.05
  • makerMaker (MKR) $ 1,170.62
  • dexeDeXe (DEXE) $ 17.32
  • worldcoin-wldWorldcoin (WLD) $ 0.844856
  • sei-networkSei (SEI) $ 0.200644
  • usual-usdUsual USD (USD0) $ 0.997802
  • immutable-xImmutable (IMX) $ 0.551393
  • injective-protocolInjective (INJ) $ 9.70
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,127.18
  • blockstackStacks (STX) $ 0.618428
  • flare-networksFlare (FLR) $ 0.015085
  • binance-staked-solBinance Staked SOL (BNSOL) $ 132.66
  • the-graphThe Graph (GRT) $ 0.091868
  • theta-tokenTheta Network (THETA) $ 0.868130
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999867
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 82,445.00
  • lido-daoLido DAO (LDO) $ 0.918758
  • bonkBonk (BONK) $ 0.000010
  • paypal-usdPayPal USD (PYUSD) $ 0.999973
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,006.29
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • tether-goldTether Gold (XAUT) $ 2,981.46
  • eosEOS (EOS) $ 0.477409
  • wbnbWrapped BNB (WBNB) $ 603.31
  • galaGALA (GALA) $ 0.016327
  • tezosTezos (XTZ) $ 0.683655
  • berachain-beraBerachain (BERA) $ 6.41
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999867
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 83,014.00
  • bitcoin-svBitcoin SV (BSV) $ 33.68
  • jasmycoinJasmyCoin (JASMY) $ 0.013790
  • the-sandboxThe Sandbox (SAND) $ 0.272296
  • jito-governance-tokenJito (JTO) $ 2.12
  • iotaIOTA (IOTA) $ 0.174467
  • pax-goldPAX Gold (PAXG) $ 3,000.04
  • flowFlow (FLOW) $ 0.403370
  • kaiaKaia (KAIA) $ 0.107983
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997909
  • msolMarinade Staked SOL (MSOL) $ 162.36
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,969.63
  • flokiFLOKI (FLOKI) $ 0.000060
  • heliumHelium (HNT) $ 3.17
  • neoNEO (NEO) $ 7.80
  • resolv-usrResolv USR (USR) $ 1.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.412556
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.20
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.79
  • zcashZcash (ZEC) $ 33.07
  • honey-3Honey (HONEY) $ 0.998827
  • pyth-networkPyth Network (PYTH) $ 0.145482
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 139.26
  • kavaKava (KAVA) $ 0.479042
  • beldexBeldex (BDX) $ 0.074663
  • axie-infinityAxie Infinity (AXS) $ 3.20
  • elrond-erd-2MultiversX (EGLD) $ 17.86
  • true-usdTrueUSD (TUSD) $ 1.00
  • starknetStarknet (STRK) $ 0.179500
  • telcoinTelcoin (TEL) $ 0.005342
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.741986
  • decentralandDecentraland (MANA) $ 0.258318
  • roninRonin (RON) $ 0.776173
  • raydiumRaydium (RAY) $ 1.63
  • pumpbtcpumpBTC (PUMPBTC) $ 81,380.00
  • dogwifcoindogwifhat (WIF) $ 0.470242
  • dydx-chaindYdX (DYDX) $ 0.619214
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,007.80
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999930
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,896.03
  • arweaveArweave (AR) $ 6.73
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.169595
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 82,931.00
  • clbtcclBTC (CLBTC) $ 83,976.00
  • chilizChiliz (CHZ) $ 0.044257
  • ecasheCash (XEC) $ 0.000021
  • conflux-tokenConflux (CFX) $ 0.083250
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006589
  • chain-2Onyxcoin (XCN) $ 0.012569
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,895.09
  • apenftAPENFT (NFT) $ 0.00000042
  • ousgOUSG (OUSG) $ 110.33
  • aerodrome-financeAerodrome Finance (AERO) $ 0.511258
  • usdbUSDB (USDB) $ 0.999959
  • apecoinApeCoin (APE) $ 0.506908
  • thorchainTHORChain (RUNE) $ 1.14
  • hashnote-usycHashnote USYC (USYC) $ 1.07
  • coredaoorgCore (CORE) $ 0.399481
  • infrared-beraInfrared Bera (IBERA) $ 5.74
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • lorenzo-stbtcLorenzo stBTC (STBTC) $ 82,315.00
  • grassGrass (GRASS) $ 1.38
  • spx6900SPX6900 (SPX) $ 0.409089
  • axelarAxelar (AXL) $ 0.403997
  • compound-governance-tokenCompound (COMP) $ 41.89
  • matic-networkPolygon (MATIC) $ 0.209666
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,891.03
  • olympusOlympus (OHM) $ 21.81
  • fraxFrax (FRAX) $ 0.998539
  • aioz-networkAIOZ Network (AIOZ) $ 0.303355
  • tbtctBTC (TBTC) $ 82,760.00
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.835649
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,914.57
  • amp-tokenAmp (AMP) $ 0.004049
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000062
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,973.54
  • pendlePendle (PENDLE) $ 2.09
  • kaitoKAITO (KAITO) $ 1.38
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • akash-networkAkash Network (AKT) $ 1.31
  • based-brettBrett (BRETT) $ 0.032440
  • beam-2Beam (BEAM) $ 0.006109
  • gnosisGnosis (GNO) $ 123.20
  • fartcoinFartcoin (FARTCOIN) $ 0.316669
  • mina-protocolMina Protocol (MINA) $ 0.257746
  • verus-coinVerus (VRSC) $ 3.93
  • reserve-rights-tokenReserve Rights (RSR) $ 0.005506
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 1,870.33
  • morphoMorpho (MORPHO) $ 1.26
  • plumePlume (PLUME) $ 0.148326
  • justJUST (JST) $ 0.029303

Ethereum Slips to December 2023 Lows as Bears Threaten a Sub-$2,000 Plunge

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Ethereum Slips to December 2023 Lows as Bears Threaten a Sub-$2,000 Plunge

Ethereum’s price has dropped another 13% over the past week. During Monday’s early Asian hours, the leading altcoin plunged to $1,997—its lowest level since December 2023.

With a growing bearish bias, the cryptocurrency may soon slip below the critical $2,000 support level once again.

ETH Selloffs Surge as 50% of Holders Slip Into Losses

An assessment of the ETH/USD one-chart reveals that the altcoin trades significantly below its Ichimoku Cloud and has done so since January 25.

Ethereum Slips to December 2023 Lows as Bears Threaten a Sub-$2,000 Plunge

ETH Ichimoku Cloud. Source: TradingView

At press time, the Leading Spans A (green) and B (red) form dynamic resistance above the altcoin’s price at $2,346 and $2,742, respectively.

The Ichimoku Cloud tracks the momentum of an asset’s market trends and identifies potential support/resistance levels. When the price trades above this cloud, the market is in an uptrend.

Conversely, when an asset’s price falls below the cloud, the market is in a downtrend. In this scenario, the cloud acts as a dynamic resistance zone above ETH’s price. It reinforces the likelihood of continued downward movement if the coin’s price remains under it.

Further, ETH’s falling prices have plunged many holders into losses. Per Glassnode, the percentage of ETH wallet addresses whose funds have an average buy price lower than the coin’s current price has dropped to a year-to-date low of 50%.

Ethereum Slips to December 2023 Lows as Bears Threaten a Sub-$2,000 Plunge

ETH Percent of Addresses in Profit. Source: Glassnode

This means that only 50% of all addresses holding ETH are in profit. For context, it was 82% at the beginning of the year. The trend can worsen the selloffs among ETH traders, as many are now attempting to offload their holdings to minimize losses.

If selling intensifies, it can further drive ETH’s prices down, reinforcing bearish momentum and potentially triggering more stop-loss sell-offs.

Ethereum’s Next Move: $1,924 Breakdown or a Rally Past $2,500?

ETH’s $2,000 support may not hold if selling pressure persists. This could potentially open the door to further losses in the coming days. Readings from its Fibonacci Retracement tool suggest that the coin’s price could fall to $1,924 if demand weakens further.

Ethereum Slips to December 2023 Lows as Bears Threaten a Sub-$2,000 Plunge

ETH Price Analysis. Source: TradingView

However, a positive shift in market sentiment would invalidate this bearish projection. If ETH witnesses a resurgence in new demand, it could drive its price to $2,224. Should the coin flip this resistance into a support floor, it could propel ETH’s price toward the highly coveted $2,500 region

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