Ethereum price is hovering on the edge of a cliff, today’s breakthrough may create huge waves in the market, investors need to be cautious!

The current price of Ethereum is $2061.46, with a slight decline of 0.365% in the last 24 hours, oscillating narrowly between $2039.76 and $2103.27. If it breaks through $2100, it will soar to $2237, ending the downturn of March; if it falls below $2000, it will plummet to $1950, causing a bear frenzy.

Technical indicators are chaotic, and the market is turbulent. The 50-EMA and 200-EMA are trending upwards, RSI is hovering between 45-50, exceeding 55 will trigger a surge in buying, while falling below 40 will lead to a sharp decline. ETH exchange reserves are at a 10-year low, below 9 million, and the price may face a significant change.

Today’s life-and-death battle for ETH, the $2000-$2100 range is crucial. A breakthrough will directly rush to $2237, while a fall will explore a bottom of $1950. The battle between bulls and bears, trading volume and volatility will determine the outcome; Ethereum may undergo a tremendous change!

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