Ethereum Price Volatility Continues as $2,200 Resistance Level Remains Unbroken

Ethereum's price has been volatile in recent weeks, struggling to break through the $2,200 resistance level. The cryptocurrency has now corrected, trading at around $2,026, which is down 1.4% from its previous day's high.

Despite the decline, some analysts believe that Ethereum may still test its annual low of around $1,800. This would mean a further drop in price, potentially reaching as low as IDR30.2 million. However, institutional accumulation and positive ETF fund flows are providing support for the cryptocurrency.

The correlation between Ethereum and Bitcoin remains high, which means that BTC volatility can have a direct impact on ETH. As a result, risk management and strategic discipline become crucial factors in navigating this market.