$ETH is feeling the heat. 📉 Here’s the quick breakdown of the weekly chart:
* Price Drop: Ethereum has slid to $1,918.68, down 9.60% in the last 24 hours.
* Technical Breakdown: We’ve crashed through the EMA(99) ($2,982), a major long-term support level. The price is now trading well below all key moving averages, signaling a strong bearish trend.
* Volatile Range: After a peak of nearly $5k, we’re testing lows not seen in a while. The 24h low hit $1,747.80.
Despite the price dump, the order book shows a staggering 93.93% buy interest vs. only 6.07% sell. Looks like the bulls are trying to catch the falling knife at these levels. 🗡️
Is this a generational dip or is there more pain to come?
ETHUSDT
Perp
1,919.16
-1.60%