Ethereum broke its mid‑price support zone, pushing the digital asset toward a potential new low.
The abrupt breach of the support range between the previous level of 2160.00 and the daily down‑trendline suggests a continued downtrend.
Traders anticipate Ethereum may descend further toward the 1920.00 level, which serves as the upcoming support target for the ongoing active ABC correction (2).
Analysts note that overall crypto sentiment remains strongly bearish, reinforcing the likely downward movement.
Also Read
- Asian Currencies Face Pressure as Dollar Strengthens on Rate-Hike Bets, AI Stocks Rebound
- Coinbase Secures Federal Trust Charter as OCC Imposes Stringent Operational Conditions
- FBR Opens Active Taxpayer List to Late Filers, Waiving Rs25,000 Surcharge
- Ripple CTO Emeritus Disposes of Majority of XRP, BTC, and ETH Holdings
