Ethereum Losing Another Key LevelEthereum / TetherUSBINANCE:ETHUSDTDukesMarketAnalysis0.618 Fib Gives Way • ETH has slipped marginally below the daily 0.618 Fibonacci level at $2,021. • What was previously acting as support is now at risk of becoming resistance. Bearish Trend Remains Intact • The chart continues to produce lower highs and lower lows. • Until that structure changes, sellers remain firmly in control. EMAs Still Pointing Lower • The 100/50-day EMAs remain bearishly crossed. • Price is trading beneath both averages, reinforcing the current downtrend. Next Support Zone Approaching • The next major Fibonacci level sits at the 0.786 retracement around $1,901. • If the recent low at $1,967 fails to hold, this becomes the obvious downside target. Momentum Still Weak • RSI is drifting towards oversold territory while StochRSI remains oversold. • Oversold conditions can produce bounces, but they are not reversal signals on their own. In Summary Ethereum continues to deteriorate technically after losing the important 0.618 Fibonacci retracement level near $2,021. The bearishly crossed 100/50-day EMAs, sequence of lower highs and lower lows, and weakening momentum indicators all suggest sellers still have the upper hand. While oversold conditions may encourage a short-term reaction, bulls need to reclaim $2,190 and eventually break back into the $2,400-$2,465 resistance zone before a more constructive outlook can be considered. Until then, the 0.786 Fibonacci level around $1,901 remains firmly in focus.