$ETH 🔥 ETH/USDT Market Update: Navigating a Key Support Test 🔥
Ethereum is currently trading around $3,134.42, reflecting a -7.51% drop over the past 24 hours . This downturn is part of a broader corrective phase, with the pair down approximately -20.68% over the last seven days .
The market sentiment is cautious. The current technical analysis overview for the pair is Neutral , indicating a potential decision point for traders. This period of volatility has led to significant liquidations across the market, surpassing $2 billion recently . Despite the short-term pressure, it's crucial to maintain a broader perspective—Ethereum has still grown by over 27% in the past year .
💬 Your Take:
The community is at a crossroads. Is this a prime buying opportunity during a dip, or are further declines on the horizon?
· The Bulls Might Say: This is a healthy correction and a chance to accumulate at a key level.
· The Bears Might Say: The momentum is negative, and lower support levels could be tested.
Where do you stand? Share your charts and predictions below!
