<ul><li>Ethereum's price is revisiting multi-year lows and is now on the verge of solidifying below the key $2,000 support.</li><li>The technical analysis indicates the possibility of a short-term relief bounce if ETH holds above the $2,000 area.</li><li>However, failure to hold above $2,000 could lead to a further drop towards the $1,600 support level.</li><li>The Coinbase Premium Index reflects weaker demand from U.S. investors, suggesting a bearish trend unless sentiment shifts.</li></ul>

Ethereum Price Analysis: ETH Revisits Multi-Year Lows, is $1,500 Next?

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