Last Monday, Ethereum experienced a significant drop of 25% in a single day, causing concern among investors. However, the cryptocurrency quickly rebounded and erased the entire drop within hours, giving hope for a recovery. Currently, Ethereum is trading slightly below a critical resistance level at $2,800, which is crucial for determining its next move. Bulls must hold strong to prevent another wave of selling pressure. If Ethereum fails to reclaim this key level, it could prolong the bearish trend and lead to further declines. The coming days will be crucial in determining Ethereum's short-term trajectory.



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