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Ether leads crypto losses with 30% crash: Where is the bottom?
Key Takeaways (30s Read)
Ether price down by 30%, with potential for further declines.
Ether (ETH) has experienced a 30% crash, maintaining a bearish trend. Analysts indicate that the price of Ether is at risk of further declines towards the $1,000 to $1,400 range. This prediction is based on a confluence of bearish technical and on-chain indicators. If Ether approaches this range, a temporary support might form; however, the overall market remains uncertain, necessitating a cautious approach. Many investors predict further adjustments in the short-term, and we need to closely monitor this movement. Particularly, price action near the $1,000 mark may signal signs of recovery, but caution against downside risks remains essential.
AI Analyst
AI Opinion
"The current market dynamics signal that Ether's 30% crash raises significant concerns for investors. As technical indicators suggest, further price declines are expected, particularly in the range of $1,000 to $1,400, which could become a key psychological support zone. Attention will be on any rebounds within this price range, but the overall risk environment remains challenging. Investors are encouraged to closely monitor fresh market information and reassess their risk management strategies. Especially in an unstable crypto market, Ether's movements may influence trends in other major currencies, necessitating heightened vigilance."
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