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Ethereum Latest Market Analysis + Support and Resistance Levels Sharing!!! #ETH $ETH
🚨 Extreme Weakness Warning: Following the decline but not the rise, the 2900 level is in imminent danger
Latest Situation:
Exchange Rate Invalid: This morning, when BTC briefly surged past 89,000, ETH only barely followed and failed to stabilize above 3000. In the afternoon, as BTC started to retrace, ETH immediately led the decline. Currently, the price at 2919 has broken all short-term support levels for the day.
Key Level: 2950 (the neckline support from a few days ago) has been effectively broken. If the current rebound cannot surpass 2950, it is a classic "downtrend continuation."
US Stock Outlook: The market opens at 22:30. If US tech stocks perform poorly or BTC further drops to 86,000, ETH is very likely to test the monthly support at 2880.