Ethereum has once again broken the critical $2,000 mark.

Ethereum (ETH) price has fallen below the moving average lines as buyers failed to maintain positive momentum above the moving average lines or the $3,600 resistance level.

The largest altcoin is sharply falling below the moving average lines. The altcoin fell to $2,116 before recovering.

The altcoin has been hovering above the $2,400 support level over the past 24 hours. It is correcting higher, but the move could be rejected at its recent peak. According to price indicators, Ether is likely to fall further.