Market Update: 🚨
Today, the price of Ethereum ($ETH) is experiencing a sharp decline, currently sitting at ~2,519 $, down approximately 8.9% over the past 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 contributing to 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.