Can Ethereum Reclaim the $2,000 Milestone This Week?

Ethereum is facing a rough start to the week as the price dropped nearly two percent to sit at $1,839 on Monday. This downward slide follows a period of broader market weakness that has impacted major assets across the board. Ether is currently trading well below its previous consolidation range of $1,870 to $1,900, which has traders watching closely for signs of a reversal.

The wider market is also feeling the heat. Bitcoin is hovering under $63,000, while XRP has pulled back to trade near $1.06 following a significant wave of selling. These movements suggest that caution remains the primary mood among investors as they wait for the market to find a stable footing.

Looking ahead, the focus for the ETH market is squarely on a recovery effort. Analysts are looking for a push back toward the $2,000 level to confirm a shift in momentum. Whether the asset can attract enough buying interest to break through its current resistance will define the price action for the rest of the week.