Ether (ETH) has been in a bearish trend since early September, and this week’s Evergrande-led market crash drove the price below $2,700 on Sept.20, its lowest level in 47 days. It is interesting that Ether tested the $4,000 psychological barrier just three weeks back. But this was after increasing crypto regulatory concerns, and the fear of China’s debt markets initiating a global selloff.

This week U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler spoke to the Washington Post about renewed plans to regulate the crypto sector and the growing stablecoin market.

Bulls still have an advantage in Friday’s $1.55 billion expiry

To win, bears need to keep Ether below $2,900