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Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target Newsbtc 1주 전

Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target 📉

Ethereum experienced a sudden downturn, dropping over 30% in under 24 hours, driven by U.S. trade war fears affecting the crypto market. The event raised concerns about Ethereum's long-term trend, emphasizing the importance of the $2,700 support level.

Analyst Ali Martinez highlights a head-and-shoulders pattern that, if confirmed, necessitates maintaining above the $2,700 mark to prevent further decline. Failure to hold could delay ETH's potential rally towards $7,000.

The crypto market saw over $2 billion liquidated, with Ethereum losing 37% since last Friday. The next days will decide if Ethereum recovers or continues declining amid market fears and volatility.

출처: www.newsbtc.com ↗

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