Ethereum (ETH) Faces Downturn Amid Market Volatility on May 23, 2025

On May 23, 2025, Ethereum (ETH) experienced a significant price decline, trading at approximately $1,260.55, marking a 30.93% drop from the previous day.

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📉 Factors Contributing to the Decline

Market-Wide Correction: The broader cryptocurrency market is undergoing a correction, with major assets like Bitcoin also facing downward pressure.

Investor Sentiment: Heightened caution among investors is leading to reduced trading volumes and increased volatility.

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🔍 Technical Indicators

Support Levels: ETH is approaching key support levels, and a breach below these could signal further declines.

Resistance Levels: Any recovery attempts may face resistance around the $ETH

Disclaimer: This is not a financial advise!