Ethereum Below $2000; Do We See A Relief Rally Soon?

Ethereum has bled heavily owing to the aftermath of the crypto crash. Prices of other altcoins followed suit as Bitcoin hangs below the $30,000 price mark. Ethereum’s current price has hit a new low in 2022.
The altcoin had tried to pull off a brief recovery a week back but the broader market weakness finally crept in and caused it to dip further.
At the time of writing, ETH is seen below its major support line of $2500. Selling pressure had accelerated as the increased fear index drove in