๐ฅ Ethereum Price Technical Analysis: Key Levels to Watch! ๐
๐ $ETH Struggles Amid Downward Trend! โ ๏ธ
Ethereum (ETH) has been on a strong downward trajectory over the past few months, tumbling from a high of $4,105 in November to $2,160 today. ๐จ
๐ Crucial Support Level at $2,000! ๐จ
ETH is currently hovering just above the critical $2,000 support level! ๐
This price zone is significant as Ethereum previously failed to break below this level in August & September last year. ๐
โก Triple-Top Formation: Risk of Further Decline? ๐
ETH is now at the "neckline" of a triple-top pattern โ a bearish signal that could lead to further downside! ๐
If $ETH breaks below $2,000, the next key level to watch is $1,500 โ a major psychological support! ๐ฌ
๐ Whatโs Next for Ethereum? ๐ค
๐น Hold Above $2,000 = Potential for a rebound! ๐
๐น Drop Below $2,000 = Increased bearish pressure, possibly pushing ETH to $1,500! ๐
๐ก Traders should stay cautious and monitor market trends closely before making moves! โ ๏ธ
๐ Stay tuned for more updates on ETH price action! ๐
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