The second-largest cryptocurrency, Ethereum (ETH) has lost a lot of its value from the recent all-time high price at $4,387. At the moment, ETH is valued just below the $3000 mark according to coin information websites like coinmarketcap.com.
According to Coingape analyst John Isige, Ethereum might go as low as $2500. He mentioned that many technical indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show very obvious bearish signals, as highlighted on the four-hour chart that you can see below.
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Source: Cryptocurrency - investing.com
