Ethereum Faces Critical Breakdown: What’s Next for the Market?
Ethereum has officially lost a key support level, confirming a breakdown from its asymmetrical triangle formation.
This signals a significant shift in market structure, suggesting that the days of steady recoveries may be over for now.
While many may still hope for a rebound at $1,900, $1,800, or even $1,500, the technical indicators suggest otherwise.
Each short-term bounce could present an opportunity for further downside moves, with lower price levels such as $1,200 becoming a possibility. The market is showing clear signs of weakness, and traders should be cautious about expecting a swift recovery. Instead, the prevailing trend suggests that Ethereum’s momentum has shifted in favor of sellers.
This market correction aligns with broader economic factors, including macroeconomic uncertainties and recent regulatory developments. With Bitcoin, Ethereum, and Solana reacting to these external pressures, it’s crucial for investors to reassess their strategies and manage risks effectively.
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