🚨 Ethereum Faces Heavy Decline – Could Drop to $2,207 Amid Middle East Tensions! 🚨
Ethereum ($ETH ) is in a precarious position, falling below the crucial $2,595 support level, and now trading around $2,480. With geopolitical tensions in the Middle East escalating, Ethereum could face further bearish pressure, potentially dipping to $2,207 if the situation worsens. 📉
⚠️ Urgent Warning: The rising Ethereum exchange reserves—up 144K ETH in the last 24 hours—indicate higher selling pressure, signaling more declines may be ahead. Investors have switched to a cautious, risk-off approach, adding to ETH's current downtrend.
The market is also seeing increased liquidations, with over $87 million liquidated in the past day.
Key technical indicators, including the RSI and Stochastic Oscillator, are approaching oversold regions, pointing to potential further downside. Unless ETH reclaims the $2,595 support level, the bearish momentum may continue.
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