$ETH Ethereum (ETH) is trading around ~$1,950 – $1,960 on recent market data. This reflects recent volatility and downward pressure.🧠 Market Overview
Bearish short-term trend:
• Ethereum has been extending a recent decline, falling through key support levels and showing weakness, with downward momentum continuing. �
• Technical setups on daily charts show a breakdown pattern and rising selling pressure that could lead to further downward moves. �
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Bullish longer-term signals:
• Some accumulation is happening — big holders (whales) are increasing ETH holdings on dips, indicating confidence. �
• Institutional interest is still present — major firms like BitMine recently increased their ETH allocations, which can support longer-term fundamentals. �
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📊 Key Levels to Watch
Support levels:
Near $1,900–$1,920 — short-term support zone
Psychological anchor around $1,800–$1,750
Resistance levels:
First resistance near $2,200–$2,300
Next meaningful resistance above $2,400–$2,500
Trend signals remain
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