Ethereum ($ETH ) has suffered another sharp decline, dropping to $1,880 and testing crucial support levels. Selling pressure has intensified as market sentiment remains weak, with the broader cryptocurrency markets facing increased volatility. Liquidations of leveraged positions and uncertainty in macroeconomic conditions have contributed to this downward movement. If $1,850 fails to hold as support, Ethereum could experience further downside, potentially retesting the $1,800 zone.
However, if buyers intervene at $1,850, there is a chance of a short-term bounce. Historically, this level has provided strong support, attracting dip buyers looking for recovery opportunities. A bounce from this area could push ETH back toward $1,900 or higher, but if the bearish momentum continues, a deeper correction may be on the horizon. Traders should watch the volume and reaction at $1,850 to determine the next potential move.
Trade here at $ETH
However, if buyers intervene at $1,850, there is a chance of a short-term bounce. Historically, this level has provided strong support, attracting dip buyers looking for recovery opportunities. A bounce from this area could push ETH back toward $1,900 or higher, but if the bearish momentum continues, a deeper correction may be on the horizon. Traders should watch the volume and reaction at $1,850 to determine the next potential move.
Trade here at $ETH
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