๐จ ETH Under Pressure! Whatโs Going On? ๐จ
Ethereum has taken a serious hit today โ dropping from $4,780 to $4,530 ๐, with a daily low of $4,451!
Thatโs a 4% drop in 24 hours, coming right after a massive rally over the past weeks (+50% in a month).
What caused the drop?
Massive futures liquidations at local highs ๐
Bitcoin weakness dragging altcoins down
Profit-taking after recent surges
Right now, the key support zone for ETH is $4,450. If it breaks, the path could open toward $4,300.
For a rebound, ETH needs to reclaim $4,560 and break through $4,600.
๐ฎ Outlook: The market is in a short-term correction, but fundamentally ETH remains a strong asset. If Bitcoin resumes its rally, Ethereum could bounce back quickly.
โ Do you think weโll see ETH back at $4,600 tomorrow, or is another dip on the horizon?
