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via Decrypt · By Decrypt Editorial

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

ETH

ETH/USDT

$1,740.37

-3.11%

$1,740.37

-3.11%

(24s)

24h Volume

$12,910,786,813.03

24h H/L

$1,810.21 / $1,729.26

Change: $80.95 (4.68%)

Long/Short

73.1%

Long: 73.1%Short: 26.9%

Funding Rate

+0.0007%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,735.58

▼ -3.20%

Volume (24h): -

Resistance Levels

Resistance 3$1,964.28

Resistance 2$1,872.11

Resistance 1$1,790.10

Price$1,735.58

Support 1$1,709.29

Support 2$1,616.23

Support 3$1,505.68

Pivot (PP):$1,758.92

Trend:Downtrend

RSI (14):40.5

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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