sell
ETH Could Dive Toward $2,000 if It Fails to Reclaim Key Support
The decline in ETH is currently driven by strong bearish momentum, with the price struggling to surpass the critical resistance zone. Unless ETH can quickly recover and stabilize above this zone, the downtrend might extend towards the support cluster between $2,000 and $2,100. This level previously acted as a foundation for buying during last March's rebound.
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AI Analysis
The recent price action indicates a bearish sentiment, with volume surging on the downside, implying panic among traders rather than a healthy correction. The highlighted support zone of $2,000 to $2,...
AI Recommendation
Traders should wait for a confirmed rebound above $2,320 to consider bullish positions. Given the significant volume on the current decline, a failure to recover swiftly could lead to further downside...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.