22 hours ago
2 0
Ethereum Faces Key Support at $2,772 Amid Market Fluctuations
The Ethereum market in 2025 has been volatile, starting with over a 60% downturn by April but reaching a new all-time high of $4,955 in August. Currently, Ethereum is about 40% below its peak value.
Key Accumulation and Support Levels
- Market analyst Ali Martinez highlights a crucial support level at $2,772 based on URPD (UTXO Realized Price Distribution) data.
- This level shows significant investor activity, indicating strong psychological support as many holders acquired Ethereum around this price.
- If the price rises, resistance is expected at $3,211 and $3,224.
Potential Downside if Support Fails
- If $2,772 fails, Ethereum could drop to $2,489, which may offer only temporary relief.
- A further decline might target $1,866, marking a major sentiment shift due to continued sell pressure.
Currently, Ethereum is valued at approximately $2,987, showing a 5.56% increase over the past 24 hours according to CoinMarketCap.
