🚨 Ethereum (ETH) Risks Trip to $2,000 If This Level Falters: Details📉📈

🔍 Navigating the Choppy Crypto Waters: The crypto market has been on a roller coaster ride, and Ethereum (ETH), the second-largest cryptocurrency, is facing a make-or-break moment. In the last 24 hours, ETH slid 2.66% to $2,408, mirroring the broader market trend. The big question: Can Ethereum weather the storm?

🎯 Key Demand Zone: $2,388 - $2,460 🎯

Renowned crypto analyst Ali highlights a pivotal demand zone for ETH, currently spanning $2,388 to $2,460. If Ethereum manages to stand firm in this support zone, a clear path with minimal resistance could open up, offering potential for a bullish surge. 📈 Crypto enthusiasts, keep a close eye on this critical range!

🔒 Warning Signs: However, Ali warns of potential downside risks. If ETH fails to uphold this key support, a pullback to the $2,000 territory looms. A 17% drop from the current price could trigger a journey towards the daily Simple Moving Average (SMA) 200 at $1,923, potentially paving the way for further losses to $1,800 and $1,700 levels.

🚀 Bulls Eyeing $3,000: On a brighter note, a reversal from the support zones could see Ethereum resuming its uptrend. Breaking above $2,614 might set the stage for a rally towards $2,717 and $2,900, with the ultimate target being the psychological $3,000 level last seen in April 2022. Bulls, are you ready for the challenge?

👀 Stay Informed! For real-time updates on Ethereum and the broader crypto market, follow The Defidraft.

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