Ethereum has experienced a significant drop in value, losing over 27% in less than five days, leading to speculation of a bear market. However, there is still a chance for a recovery as it tests a crucial demand level, and if bulls can hold this level, a strong rebound is possible. The next few days will be crucial for Ethereum to stabilize and reclaim key price levels. Failure to do so may lead to further downside risks. Ethereum is currently trading below $2,200 and has lost nearly 50% of its value since its peak. Bulls must defend key demand levels to prevent further selling pressure. Analysts warn of a prolonged consolidation phase if Ethereum fails to gain lost ground. Ethereum is re-approaching a key demand zone around $2,000, which must be defended. The next few days will be crucial, with a potential reversal if it reclaims $2,200 and a deeper correction if it drops below $2,000. Bulls face challenges to regain control of price action, with $2,200 acting as a key resistance. Failure to hold the $2,000 support could lead to a steep decline and lower prices.



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