$ETH price has dropped below an important upward trend line and the head-and-shoulders neckline, sending a big warning to traders. This break shows a 75% chance of a small price bounce before more drops, based on past market trends. Without big positive news to push Ethereum back above the neckline, the market stays negative. Ethereum’s recent fast price jump created pressure for a correction, and this drop is the market fixing itself.
Experts think Ethereum might climb back to about $2,530, then fall again to around $2,350 or $2,280. After these ups and downs, the price should settle and get ready for its next move. Traders need to stay sharp, watch the market closely, and pick their moves wisely to avoid getting lost in the market’s wild swings.
To wrap up, Ethereum’s price break is a serious signal for traders. A small bounce could happen, but more drops are likely unless something big and positive changes the game. Traders must keep up with news and plan carefully to handle this tough market. Staying alert and smart is key to trading well in these shaky times. $ETH
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