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via Decrypt · By Decrypt Editorial

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

ETH

ETH/USDT

$2,319.51

+1.09%

$2,319.51

+1.09%

(24s)

24h Volume

$26,042,584,067.53

24h H/L

$2,360.00 / $2,221.54

Change: $138.46 (6.23%)

Long/Short

55.5%

Long: 55.5%Short: 44.5%

Funding Rate

+0.0039%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,320.02

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$2,592.09

Resistance 2$2,398.14

Resistance 1$2,347.02

Price$2,320.02

Support 1$2,262.61

Support 2$2,208.52

Support 3$2,032.77

Pivot (PP):$2,164.15

Trend:Uptrend

RSI (14):84.2

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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