Ethereum Quick Update 💥 Will Ethereum Drop Below $2,000?
Ethereum's current price trend is attracting attention as it remains above the key support level of $2,658, rebounding from MA(99) on the 15-minute chart. This situation has sparked market speculation about whether it is a short-term correction or a prelude to another round of rebound.
From a key level perspective, the support level is at $2,643, and if it breaks below this support, it could trigger further declines. Meanwhile, resistance is at $2,691 / $2,734, and breaking through this resistance may open up upward potential.
In terms of signals to watch, if the price falls below MA(7) and MA(25), investors should remain cautious, as this could indicate a bearish signal. Conversely, a rebound from MA(99) may suggest a trend reversal. Additionally, a surge in trading volume is also worth noting; does this mean the whales are in action?
At present, it is essential to stay alert. If the price trend exceeds $2,691, it could trigger bullish momentum, pushing Ethereum's price further up. However, the market is unpredictable, and any forecast carries uncertainty.
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