**Ether on the Edge: Will It Hold or Fold?**
- Ether (ETH) is clinging to a crucial support level at $2,800. Crypto traders are biting their nails, wondering if it will hold or nosedive.
- Michael van de Poppe, founder of MN Trading, warns that a slip could lead to a 4% drop, dragging Bitcoin (BTC) down with it.
- Other traders echo this sentiment, predicting a dip to around $2.7k before any rebound.
- Currently trading at $2,885, Ether has already slid 11.09% since July 28.
- A drop to $2,800 could wipe out $259.46 million in long positions. Ouch! 💸
- But hey, if Ether bounces back, it's party time! 🎉
Stay tuned, folks!