#Ethereum : Technical analysis and key support levels

The 12-hour chart shows a breakdown of the Short structure. The maximum Short can be completed up to $2,593.89.

However, the higher timeframe (3D) shows a breakdown of the Long structure, which indicates a possible price recovery after the correction.

Key support levels:

$3,000 is an important support level. The liquidity map shows significant liquidity in this range, making it a key area for a possible stop in the decline.

$3,195.84 is a level that should also be considered as support.

$2,930.43 is an additional level that can hold the price.

Liquidity map:

Significant liquidity is collected in the $3,000 range, confirming it as a key level to watch.

Capital entry and exit:

$61.48 million Ether was purchased in the range of $2,088 - $2,525.

The average price in this range is $2,343.68, which can also act as a support level.

Recommendation:

Particular attention should be paid to the price range of $3,000, which is an important support level and a possible stop zone for the decline. #ETH