#EthereumDropsBelow$2400
Ethereum ($ETH) has breached the critical psychological support level of $2,400, trading down over 5.4% in the past 24 hours. The broader crypto market is feeling the heat, with capital liquidations accelerating following higher than expected US CPI inflation numbers.
Current Status: $2,370 – $2,380 range
Immediate Resistance: $2,400 )
Key Downside Support: $2,332
Major Overhead Target: $2,525
.Recent net outflows across spot crypto ETFs have applied additional downward pressure on ETH spot prices.
The sharp drop triggered over $450M in broad market liquidations, primarily hitting over leveraged long positions.
Are you buying this $ETH dip, or waiting for lower levels? Let's discuss in the comments!
#EthereumDropsBelow2500
#CryptoNews
#CryptoTrading
Ethereum ($ETH) has breached the critical psychological support level of $2,400, trading down over 5.4% in the past 24 hours. The broader crypto market is feeling the heat, with capital liquidations accelerating following higher than expected US CPI inflation numbers.
Current Status: $2,370 – $2,380 range
Immediate Resistance: $2,400 )
Key Downside Support: $2,332
Major Overhead Target: $2,525
.Recent net outflows across spot crypto ETFs have applied additional downward pressure on ETH spot prices.
The sharp drop triggered over $450M in broad market liquidations, primarily hitting over leveraged long positions.
Are you buying this $ETH dip, or waiting for lower levels? Let's discuss in the comments!
#EthereumDropsBelow2500
#CryptoNews
#CryptoTrading
