📊NEUTRAL: $ETH (1M)
Analysis:
Ethereum is facing a rare 3-months consistent decline, a phenomenon seen only in the 2022 and 2018 bear markets. The launch of spot ETFs has altered market dynamics and strategies significantly. This chart shows a compromised baseline around $1,750 and a new potential baseline at $1,250.
Price Targets:
If Ethereum holds the compromised baseline, expect resistance at around $2,500. Should it breach this line, the next significant support level could be around $1,250. Keep an eye on the market behavior influenced by spot ETFs for updated strategies.
