According to expert technical analysis, Ethereum (ETH) is at a crucial level and is facing resistance from a descending trendline. If ETH fails to hold the $2,680 level and closes below $2,670, it could drop by 4.5% to reach $2,560. ETH is also currently trading below the 200-day Exponential Moving Average (EMA), indicating a downtrend. Intraday traders with long positions are at risk of liquidation if the price falls below certain levels. Despite a modest price drop of 0.55% in the past 24 hours, trading volume has dropped by 9%, suggesting lower participation from traders and investors.



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