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via Decrypt · By Decrypt Editorial

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

ETH

ETH/USDT

$1,578.17

-0.17%

$1,578.17

-0.17%

(24s)

24h Volume

$4,748,445,783.16

24h H/L

$1,611.02 / $1,568.00

Change: $43.02 (2.74%)

Long/Short

73.9%

Long: 73.9%Short: 26.1%

Funding Rate

-0.0024%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,593.83

▲ 0.96%

Volume (24h): -

Resistance Levels

Resistance 3$1,872.11

Resistance 2$1,681.22

Resistance 1$1,613.87

Price$1,593.83

Support 1$1,554.35

Support 2$1,244.77

Support 3$1,108.56

Pivot (PP):$1,592.13

Trend:Downtrend

RSI (14):34.1

Decrypt Editorial

(06:31 PM UTC)

1 min read

Reviewed byEmily Watson

1196 views

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…

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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Decrypt Editorial · Decrypt

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