#SwingTradingStrategy

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Ethereum (ETH) has seen a significant downtrend in the last 24 hours, currently trading around $2,400-$2,420, representing a drop of approximately 3-5%. This movement comes after it was hovering around $2,500 and faced rejection from higher resistance levels, notably around $2,750-$2,850 in recent days.

For swing traders, the current price action suggests a bearish short-term outlook. Key levels to watch:

* Resistance: $2,500-$2,540 (previous support now resistance), $2,614, and $2,678.

* Support: $2,380-$2,400 is crucial. A breakdown below this could lead to further declines towards $2,490 and potentially $2,450-$2,455.