The first round of support at the current Ethereum retracement is currently around the $2,650 area, which is also the key level to watch.
If this zone breaks, it will trigger a chain liquidation event for long positions. After that, there is a possibility of a further deeper retracement to $2,580. Tonight, the focus is to monitor this level closely.
If this zone breaks, it will trigger a chain liquidation event for long positions. After that, there is a possibility of a further deeper retracement to $2,580. Tonight, the focus is to monitor this level closely.
