$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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