The price of ether is in the midst of a breakdown that could take it as low as $1,700 and as high as $2,000. The majority of indicators have turned significantly bearish, emphasising the sellers' grasp on ETH. For the first time this year, Bitcoin has dropped over 5% of its value in the previous 24 hours, trading just above $30,000. Holding over $1,700 is critical for the uptrend to resume, and it will move the bulls' focus to $2,000.