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ETH price failed to rebound from its recent sell-off, and matters could get worse if the altcoin falls under $1,900.
Ethereum’s native token, Ether (ETH), continues to consolidate under $2,000, which some traders view as a psychological level. Ether price slipped below this range on March 10, and the altcoin continues to trade at its lowest value since October 2023.
Ethereum 4-hour chart. Source: Cointelegraph/TradingView
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Ether price has also lost market value with respect to other major altcoins, with XRP price reaching its highest level against ETH in five years on March 15.