**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!