Ethereum is trading at about $1,900; it has been stable over the last day but is still under threat. A combination of technical, on-chain, and derivatives signs indicates that the pressure is increasing rather than decreasing. The second-largest cryptocurrency by market capitalization has now spent weeks trading below the psychologically crucial $2,000 threshold. {chart} Bitcoin’s 1.16% reduction and the overall crypto market cap’s 0.92% decline are closely followed by Ethereum’s 0.90% decline, indicating that the move is sector- and macro-driven rather than Ethereum-specific. Reflecting the widespread caution ... (full story)