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Ethereum Drops to $2200 Amid US-Iran Conflict, Key Levels in Focus
The ethereum price dropped by 7.7% following the US strikes on Iran's nuclear sites.
Ethereum fell to $2200, reaching its lowest since May 9, while Bitcoin remains stable around $101,000 with minimal volatility.
Total liquidations in the past 24 hours amounted to $679 million, with $554 million from long positions. Kosmo Jiang of Pantera Capital believes that with confirmed strikes and nearing a resolution, prices have found a local bottom.
Key levels to watch are $100,000 for Bitcoin and $2,000 for Ethereum. Special attention should be paid to oil prices at the opening of traditional markets ⚠️
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AI Analysis
The recent geopolitical tensions involving the US and Iran have caused a significant pullback in the cryptocurrency markets, notably ethereum, which experienced a 7.7% decline. Such a move suggests ma...
AI Recommendation
Investors should exercise caution amid geopolitical tensions that are currently impacting cryptocurrency prices. Given the decline in ethereum and the proximity to key support levels, it would be prud...
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.