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via Decrypt · By Decrypt Editorial

Why Ethereum Could Tank Another 25% Before Finding a Bottom: Analysis

ETH

ETH/USDT

$2,691.58

+0.59%

$2,691.58

+0.59%

(24s)

24h Volume

$12,857,901,488.95

24h H/L

$2,706.00 / $2,600.15

Change: $105.85 (4.07%)

Long/Short

60.5%

Long: 60.5%Short: 39.5%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,693.70

▲ 0.21%

Volume (24h): -

Resistance Levels

Resistance 3$3,143.74

Resistance 2$2,781.69

Resistance 1$2,703.03

Price$2,693.70

Support 1$2,677.49

Support 2$2,559.03

Support 3$2,335.60

Pivot (PP):$2,664.73

Trend:Uptrend

RSI (14):63.8

Decrypt Editorial

(06:31 PM UTC)

1 min read

Reviewed byEmily Watson

0 comments

In brief

Ethereum dropped 8% today alone, crashing through the $2,000 psychological support zone and hitting an intraday low near $1,814.
On Myriad, traders are now betting ETH reaches $1,500 before it bounces back to $3,000—a probability that surged nearly 25% in recent weeks.
The charts back the bearish bet: RSI is in bear territory, the Squeeze Momentum Indicator just fired a bearish signal…

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Decrypt Editorial · Decrypt

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