Today, #ETH has dropped to around 2365 USD, with the price weakening continuously, entering a clear correction structure from the 2800 peak.
The current 200-day moving average is near 2317, which is a key support level to watch. If it breaks below this, it will be very difficult to rally to new highs in the short term, and the price may continue down to around 2200!
At present, it has returned to a range suitable for dollar-cost averaging. For those who previously suffered losses, now is also a relatively good spot to buy spot, but still focus mainly on spot positions. Only if the price further recovers the 2490ā2550 range can we consider a meaningful recovery signal, so patience is required!
