Ethereum Falls Below $2,000 as Crypto Bearish Pressure Intensifies

Bitcoin has dropped below the $29,000 level, as bears continued to push prices lower this week.

As a result of a second consecutive session of selling, BTC/USD fell to an intraday low of $28,708.96.

After several days of consolidation, ETH has plunged with prices falling below $2,000.

As of writing, ETH fell to an intraday bottom of $1,907.02, which is roughly 5% lower than yesterday’s peak at $2,039.83.

However, as the day progressed prices moved back towards that level, which confirms its status as a support point.

As of writing, ETH is trading at $1,952.28, with the 14-day RSI slightly below a ceiling of 35.