โ ๏ธ๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ ๐๐ ๐ ๐๐ฟ๐ผ๐๐๐ฟ๐ผ๐ฎ๐ฑ๐: ๐๐ป ๐๐บ๐บ๐ถ๐ป๐ฒ๐ป๐ 30% ๐๐ฟ๐ฎ๐๐ตโผ๏ธ
Ethereum crypto is currently at a decisive turning point. Its price is flirting with a crucial support at $2,300. But thatโs not all! The sales of ETH whales also continue to fuel the bearish pressure. What does the future hold for the worldโs second-largest crypto blockchain?
Massive sale of ETH crypto
Ethereum on the edge of a crucial turning point: can the support at $2,300 hold?
According to crypto analyst Ali Martinez, the Ethereum price is dangerously approaching the $2,300 level. This is a key support identified by several other cryptography experts. According to Martinez, this threshold is crucial for the short-term survival of ETH.
โIf the price of Ethereum falls below $2,300, we could see a massive 30% correction, bringing ETH down to $1,600.โ
This warning is based on the fact that 2.77 million addresses collectively hold 52.65 million ETH around this price level. Two scenarios may unfold:
*If the bulls fail to defend this area, it could mark the start of an even more pronounced bearish phase.
*If, on the other hand, the support holds, Ethereum could bounce back and reach a price of $6,000 in the medium term.
