🚨🚨🚨 Ethereum at Risk? Critical Support Level Could Trigger Sell-Off! 🚨🚨🚨

🔹 Crypto analyst Ali Martinez warns that Ethereum (ETH) could face a major sell-off if it fails to hold a key support level! Here's what you need to know to stay ahead of the market trends. 📉💥

🔸 Key Support Level for Ethereum:

The critical support level to watch is $2,300, just about 7% below its current price of $2,447.

This zone is significant because 2.4 million addresses purchased a total of 52.6 million ETH at this price! If this level fails, we could see a sharp sell-off as investors aim to minimize losses. 💸⚠️

🔹 In/Out of the Money Analysis:

Martinez uses the In/Out of the Money Around Price (IOMAP) chart to analyze the positions of ETH investors:

In the Money: Addresses that are profiting from their ETH positions 💰

At the Money: Addresses breaking even on their ETH holdings ⚖️

Out of the Money: Addresses that are losing money 📉

If the $2,300 demand zone fails, it could trigger panic selling, driving the ETH price even lower! 🛑

🔸 Bitcoin Prediction Update:

Martinez also shares his Bitcoin (BTC) forecast:

He expects a dip to $60,000, followed by a rebound to $66,000, a retracement to $57,000, and then a massive breakout to $78,000! 🚀💥

However, he warns of higher volatility due to increased leverage on crypto exchanges, meaning big price swings are possible. ⚠️📊

🔹 Caution Ahead:

The rise in leverage use means that more traders are borrowing funds to make larger bets, which increases the risk of sudden price movements. 🌀💥

🔥 Are you ready to take on the crypto market volatility? Let us know if you think ETH will hold the $2,300 level or if another correction is coming! 👇

⚠️ Disclaimer: This is for informational purposes only and is not financial advice. Always conduct your own research before making any investment decisions.

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