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Ethereum faced a brutal capitulation event on Sunday, fell over 30% in less than 24 hours, while panic remained in the whole market. The dramatic sale was triggered by growing fears from the US trade war, sending striking waves across the cryptic space and causing significant fall in bitcoin and the main altcoin. Eth, who fought for a reflection of key levels, recorded a sudden drop, shaking the confidence of investors and causing concern about his long -term trend.
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Top analyst Ali Martinez shared a technical analysis, revealing that Ethereum forms a long -term head and wound pattern. According to Martinez, the ETH must be kept above the key level of $ 2,700 to maintain its bull structure and prevent deeper correction. The breakup below this level could start an extended teddy bear phase, further delaying the potential set of ETH according to the new maximums.
With volatility at extreme levels and uncertainty that dominates the market, Ethereum’s next move will be crucial. If Bulls manages to defend key support, ETH could approach a strong recovery, but the retention failure could lead to even more deficiencies. While investors assess the damage to collision this weekend, all eyes remain on the basis of whether ETH can stabilize and regain their momentum again in the coming days.
Ethereum faces a key challenge
Yesterday, the crypto market witnessed the biggest liquidation event in its history, with more than $ 2 billion deleted in just a few hours. Fear has taken over, and investors are calculated this week for extreme volatility, as the US market responds to the escalation of trade tension. Since uncertainty dominated the landscape, Ethereum was one of the most pronounced assets, throwing a significant part of its value as the sale of panic of amplifiers.
The price of Ethereum has fallen over 37% of last Friday, which has been marked by one of his sharpest downs in the last few years. The dramatic fall cited analysts on the question of whether the ETH could maintain its long -term bull structure or a higher correction is immediate.
Top Kripto expert Ali Martinez shared a Technical analysis on xrevealing that Ethereum seems to form a long -term pattern of head and shoulder. If this form is confirmed, the eth must be kept above the critical mark of $ 2,700 to make its bull structure intact. The loss of this level could start deeper sold out, potentially pushing prices for lower demand zones before any recovery occurs.
However, if Bulls successfully defends this key support, Ethereum could still shoot the lost terrain and aiming its long -term goal of $ 7,000. The following days will be key in determining the ETH path while traders assess whether it is a temporary earthquake or the beginning of an extended decline.
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As macroeconomic fears and trade tensions continue to affect market conditions, Ethereum’s price price will be a key indicator of wider feelings of investors. This week, in the coming months, the ETH movement is likely to set up, which will make it a decisive moment for the second biggest crypto currency.
Price details: Key levels for viewing
Ethereum (ETH) is currently trading at $ 2,595 after an extremely unstable Sunday that noted that its price dropped to as many as $ 2,150. The drastic fall left bulls in an insecure position, as ETH lost all the main levels of support and now seeks demand for stabilization.
Since the market is shaken and dominant fear, ETH has to be held above $ 600 in the coming days to have the opportunity to recover. However, after such a massive event of liquidation, the return of bull momentum can take time, and the likelihood that the further disadvantage remains high. Traders and investors are carefully watching key levels while Ethereum struggles to find its basis.
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If ETH manages to regain a level of $ 2,800 and push over $ 3,000, confidence could return to the market, signaling the first steps of recovery. Until then, uncertainty remains a dominant force, and the potential for the other leg cannot be excluded. For the next few days, it will be crucial in determining whether Ethereum can bounce or continue to fall towards lower support levels.
Separate Picture with Dall-E, a TRIINGView chart
