$ETH broke support at 2480 confirming a downtrend.

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Currently, ETH has broken an important area and formed a downtrend. This morning, there will be a recovery back to the 2500 area.

At the price area of 2500, there will be 2 scenarios:

Scenario 1: Break and maintain above the price of 2480, an uptrend may form again.

Scenario 2: Unable to break, the price shows a rejection of the uptrend, will continue the downtrend and may maintain down to 1800.