Expert opinion: Bearish #ETH (from Coinsradar.net)

While Bitcoin investment is experiencing capital outflows, Ethereum and altcoins such as Avalanche, Cardano, and Polkadot stand out, showing a trend of traders shifting to diversification.

The successful launch of Bitcoin and Ethereum spot ETFs in Hong Kong highlights the global expansion of the cryptocurrency market and the increase in investment opportunities. This trend shows that traders are increasingly interested in Ethereum and adopt a wider range of investment strategies.

However, technical analysis shows that if the key support level is broken, there may be a continuation of the bearish trend, leading to a drop in prices.

If the key support level of 3034.64 is broken, it may continue to be bearish and fall to the 3000 to 2937.81-2920 area, which is the trend after the completion of the ABC bearish sequence.

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