19 hour ago
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BEARISH 📉 : Ethereum drops below $2,500 as bearish pressure intensifies
The Ethereum price has faced significant bearish pressure, dropping nearly 20% over the past week and falling below the $3,000 level. This decline reflects broader market instability.
Key Support Levels for Ethereum
- Crypto analyst Ali Martinez identified critical support levels using the UTXO Realized Price Distribution (URPD) metric.
- These levels are based on investor cost bases, indicating where strong resistance and support zones exist.
- The next major support levels for Ethereum are $2,623, $2,475, and $1,881.
- Ethereum has already breached the $2,623 and $2,475 support levels amid recent declines.
Current Price and Outlook
- Ethereum is currently priced at approximately $2,410, marking a decline of over 10% in the last 24 hours.
- If the price remains below $2,475, further declines to $1,881 are possible, indicating a potential 25% drop from current levels and a 60% reduction from the cycle high.
