$ETH Market Update: $ETH 🚨

Today, the price of Ethereum ($ETH) is experiencing a sharp decline, currently reaching ~2,519 $, down approximately 8.9% over the last 24 hours.

🥊 Technically, ETH failed to maintain above the 50‑EMA (~2,410 $), losing key support at 2,700–2,800 $ after breaking the short-term uptrend line.

🌐 On the other hand, the expiration of over 3.5 billion dollars in options contracts today is an additional factor that enhances volatility.

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🎯 Quick Recommendations:

For long-term investors: Watch the daily support level at 2,500–2,600 $ – any slip below may negate the bullish scenario.

For active traders: It is preferable to set stop-loss points and adjust ‘limit’ orders, or look for temporary low-buy opportunities at support.

Chance for a rebound? If the price returns above the 50‑EMA (~2,410 $) and the “cup and handle” pattern, ETH may resume moving towards 2,800 $ again.