The Ethereum price has managed to hold above the $3,000 support level despite the ongoing market crash. If it drops below $3,000, it could trigger a price drop for altcoins and more long liquidation. Some altcoins, such as DOGE, SUI, ADA, SOL, and COOKIE, have shown strength and are holding up well despite market uncertainty. If Bitcoin bounces from its key support at $92,500, these altcoins could rally quickly. Ethereum's price is holding strong above $3,250, which is good for altcoins. However, it failed to sustain a breakout above $3,500 and is currently trading below $3,300, acting as a minor support. The price is being supported by the 50-day and 200-day EMAs. If the price fails to rally, it could drop lower, but currently, bulls are protecting it from falling below $3,000.



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