Ethereum Price Analysis: Is $2K Next as Coinbase Premium Hits Yearly Low?

Ethereum has slipped toward $2.2K after another wave of selling extended the decline from the $2.8K highs. With ETH now trading inside a key demand zone that also aligns with the lower boundary of its short-term descending channel, the current area could decide whether the correction stabilizes or deepens toward lower support. Meanwhile, the Coinbase Premium Index has dropped to its lowest reading in over a year, pointing to notably weak demand from US investors. Ethereum Price Analysis: The Daily Chart Ethereum’s daily chart shows that the ascending channel that carried the price higher from the June lows near $1.5K has been broken.

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