$ETH Analysis: Sharp Drop—Key Levels to Watch! 🚨
Current Price: $3,735.80
24h High: $3,958.61
24h Low: $3,509.00
24h Change: -5.57%
Market Analysis:
$ETH has faced a sharp decline, dropping from recent highs of $4,087.73. After touching a low of $3,509.00, the price is showing signs of recovery. The recent drop highlights increased selling pressure, but the bounce from $3,509 indicates strong buying support.
Key Levels to Watch:
Resistance: $3,800 and $3,900 – ETH needs to break above these levels to regain bullish momentum.
Support: $3,690 – Holding this level is crucial to prevent further declines toward $3,500.
Prediction:
If $ETH maintains support at $3,690 and pushes above $3,800, it could aim for $4,000 in the short term. However, failure to hold $3,690 may trigger a retest of $3,500 or lower. Volatility is high—monitor these levels closely!
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