Price Prediction
Ethereum Price Analysis: Key Levels to Watch
Ethereum has fallen below $2.4K, breaking the lower trendline of its ascending channel and putting pressure on the $2.3K support zone. The Taker Buy Sell Ratio shows significant selling pressure, currently at 0.973, suggesting sellers are dominating and could lead to further declines. Key support levels to watch include the $2.25K demand zone and the 0.5 Fibonacci retracement at $2.16K, with a potential recovery requiring a reclaim of the $2.5K supply zone.