Ethereum Price Analysis!!!!
The ETH price is close to breaking a key support level at $1,475. If it falls below this level, we might see a significant drop in price soon.
One reason for this drop could be the ongoing trade conflict between the United States and other countries.
Ethereum might break below the important support level at $1,475.
Right now, ETH is below the 200 Exponential Moving Average (EMA) on the daily chart, suggesting a strong downward trend, with sellers in control.
Currently, ETH is trading around $1,477, down 6.50% in the last 24 hours. During this time, trading volume dropped by 65%, showing less activity from traders and investors compared to earlier days.
On April 8, 2025, a large investor sold all of his 10,000 ETH, worth $15.71 million, he made a profit of $2.75 million, but he could have earned $27.60 million if he had sold at the highest price.
This large sell-off might increase selling pressure and lead to further price drops.
Thank you for your time.
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