Full Article: https://crypto-economy.com/ethereum-under-pressure-inside-a-bear-flag-eth-liquidation-line-at-2k/
ETH is down seven percent in the past week of trading, under pressure following losses on June 7.
Even though buyers are bullish, ETH prices are still within a bear breakout formation and capped below the middle BB, as mentioned earlier. Prices have critical support at $1.7k on the lower end and $2.05k on the upper hand. Since the primary trend is bearish, sellers may unload on every pullback below the psychological $2k level.
On a more cautious approach, risk-averse traders may wait for a clear price trend definition. That requires clean breaks above or below immediate reaction levels. A close below $1.7k may force ETH towards $1.5k.
Conversely, reversal of June 7 losses and break above $2k may draw more buyers into the equation. In that case, ETH could race to retest $2.2k.
