Ethereum Is Back in the Danger Zone — Break Below $2000 Next?Ethereum / TetherUSBINANCE:ETHUSDTpejman_zwinEthereum(ETHUSDT) is back in a heavy support zone($2,159-$1,368) and trading near the key $2,060 level. From an Elliott Wave perspective, more downside corrective action may still be ahead. In classic technical terms, price action on the daily chart looks like an ascending broadening wedge, which can support a continuation of the bearish trend. The ETHBTC(ETHBTC) chart is also in a downtrend, suggesting Ethereum could drop faster if Bitcoin(BTCUSDT) turns lower. I expect that after breaking the lower line of the wedge, Ethereum could move toward $2,026, and if bearish momentum strengthens, the next target could be around $1,900. First Target: $2,026 Second Target: Cumulative Long Liquidation Leverage($1,920-$1,866) Stop Loss(SL): $2,242 Cumulative Short Liquidation Leverage: $2,510-$2,420 CME Gap: $1,741-$1,702 CME Gap: $2,225.5-$2,192.5 CME Gap: $2,684.5-$2,473.0 What’s your view on ETH here? Does it break below $2,000, or are you looking for a bounce? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Ethereum Analyze (ETHUSDT), Daily time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.