Ethereum retests $2,100, but could ETH crash amid technical breakdown?
Ethereum Ethereum retests $2,100, but could ETH crash amid technical breakdown?Ethereum is testing the $2,140 level after an intraweek low near $2,070.A technical breakdown raises the risk of a sharp decline to $1,350, CryptoQuant notes.Bullish catalysts could include regulatory clarity and continued institutional demand. Ethereum (ETH) briefly traded back above the $2,100 level on Wednesday after gaining about 1% over the past 24 hours as Bitcoin reclaimed the $77,200 mark. While the rebound offered some relief for bulls, the altcoin remains under pressure following a sharp weekly decline. Technical indicators continue pointing to elevated downside risk, with some analysts warning that ETH could face a deeper correction toward the $1,350 level. Ethereum price today Market data during the US session on Wednesday showed Ethereum testing the $2,140 zone after rebounding from intraweek lows near $2,070. The rebound followed several sessions of heavy selling, although ETH remains well below recent swing highs. Ethereum is currently trading nearly 7% lower for the week and roughly 28% lower year to date. The Relative Strength Index (RSI) is hovering near oversold territory, which may suggest conditions for a short-term relief bounce. However, ETH continues trading below all major moving averages on the daily chart, signaling that bearish momentum remains dominant. Could ETH fall to $1,350









