Could the price of Ethereum collapse below $1000?!
In the past 24 hours, we witnessed a sharp decline in the price of $ETH /USDT by -20.94%, reaching only $1,425.69!
When analyzing the technical indicators:
The moving averages (MA) indicate a clear downward trend.
The MACD indicator shows a negative crossover that reinforces the likelihood of continued decline.
The price is approaching its daily low of $1411.01, which warns of a potential break of new support levels.
If the selling momentum continues and strong buying liquidity does not appear, breaking the $1000 barrier is no longer unlikely!
Do you expect a rebound soon, or are we facing a new downward wave?
Share your opinion in the comments!