Ethereum's recent crash after rejecting the $1,600 support level is quite significant, reflecting not only technical weakness but also broader macroeconomic concerns. The 9.40% drop in a single day, bringing Ethereum to its new low of $1,569, highlights the volatility in the market right now, especially after a rejection from $1,835.

For those who bought near the mid-January highs, this is a painful loss, and it’s a clear reminder of the import

ance of managing risk in such a volatile market. The focus now is on the $1,575–$1,600 support zone. If this level fails to hold, we could see a further drop to $1,480, potentially triggering more liquidations and panic selling.

With broader risk-off sentiment due to the ongoing market fears surrounding trade policy and regulation, it's crucial for traders to stay cautious, avoid chasing rebounds, and ensure that their positions are properly managed. Monitoring this key support zone will be key in determining if Ethereum can recover or if the downtrend will continue.

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