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via Cointelegraph · By Cointelegraph Staff

Ethereum Price Risks Falling to $1K Next, Analysts Warn

ETH

ETH/USDT

$1,669.54

-2.93%

$1,669.54

-2.93%

(24s)

24h Volume

$10,516,092,045.83

24h H/L

$1,721.38 / $1,635.65

Change: $85.73 (5.24%)

Long/Short

75.8%

Long: 75.8%Short: 24.2%

Funding Rate

-0.0001%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,665.26

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$1,872.11

Resistance 2$1,735.34

Resistance 1$1,666.79

Price$1,665.26

Support 1$1,634.42

Support 2$1,583.40

Support 3$1,505.68

Pivot (PP):$1,667.97

Trend:Downtrend

RSI (14):36.9

Cointelegraph Staff

(02:50 PM UTC)

1 min read

Updated byEmily Watson

1420 views

0 comments

Market analysts say Ether’s (ETH) price may drop to $1,000 if a breakdown from a bearish chart pattern is confirmed.

Key takeaways:

Ether’s bear flag targets 50% ETH price drop to $1,075.
Ether risks over $1.70 billion in long liquidations if the price breaks below $2,000.
Whale accumulation weakens as major ETH holders reduce exposure.

Ether’s bear flag targets $1,000 ETH price

Ether’s downtrend…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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