$ETH Drop to strong support $2400 and it will continue more Dump as well .. Sudden BIG dumb in Market ..
The $ETH /USDT pair is facing a downward trend, currently trading at $2,380.54, with a 2.58% drop over the past 24 hours. The price has recently touched a low of $2,376.69, indicating continued selling pressure. With resistance at $2,473.61, traders should be cautious as further declines may lead to a potential break of support levels.
For those considering short trades, a break below $2,376.69 could present an opportunity. However, if Ethereum rebounds from this zone, there may be a chance for long traders to capitalize on a recovery. Effective risk management is crucial as the market remains volatile.
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