ETH to provide accumulation opportunity before revisiting $2,000

  • Ethereum price could experience a swift selloff on the breakdown of the 100-day EMA at $1,494. 
  • Sidelined buyers can accumulate ETH around $1,400 before the next leg propels the altcoin to $2,000.
  • A daily candlestick close below the $1,343 support level will invalidate the bullish thesis for the smart contract token.

Ethereum price action depicts exhausted bulls after an explosive move over the last five days. This upswing is currently facing a significant hurdle…


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