$ETH
Ethereum Price Alert: ETH Dips Below $2,500 🚨
Ethereum (ETH) has recently slipped below the critical $2,500 support level, currently trading around $2,512.26. This decline is attributed to several factors:
Large-Scale Selling: Over $570 million worth of ETH was sold within 48 hours, indicating significant profit-taking by investors. BeInCrypto+1Mitrade+1
Technical Indicators: The Moving Average Convergence Divergence (MACD) has shown a bearish crossover, suggesting potential for further downside. BeInCrypto+2BeInCrypto+2FX Leaders+2
Geopolitical Concerns: Recent tariff announcements have introduced market uncertainties, affecting investor sentiment. Bitget
Key Levels to Watch:
Support: $2,344Bitget+5BeInCrypto+5BeInCrypto+5
Resistance: $2,654Bitget+1BeInCrypto+1
If ETH fails to hold above the $2,500 mark, it may test the next support at $2,344. Conversely, reclaiming and sustaining above $2,654 could signal a bullish reversal.