๐ฅ ETHEREUM โ THE SHARP DROP AND THE BATTLE TO REGAIN BULLISH MOMENTUM!
Ethereum has just gone through a volatile week. After nearing the 2,422 USD zone, ETH suddenly came under strong selling pressure, at one point pulling back to around 2,234 USD.
๐ Factors causing pressure:
Weakness in the US technology stock market.
A wave of liquidations of leveraged Long positions.
Capital outflows from spot Ethereum ETF funds.
Cautious sentiment causing investors to limit risk.
๐ Notable price levels:
2,422 USD: Recent high.
2,234 USD: Recent low.
2,243 USD: Current reference price zone.
๐ Next scenario:
If ETH holds the 2,234โ2,200 USD zone, the market could see a rebound. Otherwise, if this support zone is broken, selling pressure may continue to increase.
What is notable now is not just whether ETH price rises or falls, but whether capital will really return or not.
โ ๏ธ The market still carries risks. Investors should manage capital and limit the use of high leverage.
Do you think ETH will soon return to 2,400 USD or continue correcting deeper?
#ETH
#Ethereum #Crypto #Altcoin #BinanceSquare
Ethereum has just gone through a volatile week. After nearing the 2,422 USD zone, ETH suddenly came under strong selling pressure, at one point pulling back to around 2,234 USD.
๐ Factors causing pressure:
Weakness in the US technology stock market.
A wave of liquidations of leveraged Long positions.
Capital outflows from spot Ethereum ETF funds.
Cautious sentiment causing investors to limit risk.
๐ Notable price levels:
2,422 USD: Recent high.
2,234 USD: Recent low.
2,243 USD: Current reference price zone.
๐ Next scenario:
If ETH holds the 2,234โ2,200 USD zone, the market could see a rebound. Otherwise, if this support zone is broken, selling pressure may continue to increase.
What is notable now is not just whether ETH price rises or falls, but whether capital will really return or not.
โ ๏ธ The market still carries risks. Investors should manage capital and limit the use of high leverage.
Do you think ETH will soon return to 2,400 USD or continue correcting deeper?
#ETH
#Ethereum #Crypto #Altcoin #BinanceSquare
