Ethereum ETFs shed $1B in 3 weeks – Can ETH buyers prevent breakdown?
Photo: AMBCrypto
Ethereum faces renewed downside risk as sellers keep price pinned near the $2,410 support zone. Sellers took over after the loss of $2560 and pushed the price down to $2350, causing significant selling activity. Although buyers attempted a short-term rebound, they were unable to sustain that bounce and failed at the $2460-$2480 region. As a result, Ethereum [ETH] is back at the $2404-$2410 area, where sellers may test the bottom again. In turn, this will likely continue to deteriorate the support of this region.
Source: AMBCrypto
