The post Will ETH Crash or Rebound? Ethereum Reaches Key Level appeared first on Coinpedia Fintech News
The overall crypto market sentiment turned bearish as major assets like Ethereum (ETH) and Bitcoin (BTC) registered massive price drops over the past 24 hours. Amid this, Ethereum, with a significant 7% price drop, has reached a key level that currently acts as a make-or-break situation for the asset.
Ethereum (ETH) Technical Analysis and Upcoming Levels
According to expert technical analysis, with a notable price decline, Ethereum has reached a key level of $1,820 for the second time this month and appears to be weakening this level, signaling a potential further decline.
Based on recent price action and historical patterns, if the asset fails to hold this level and closes a daily candle below the $1,800 mark, there is a strong possibility it could drop by 18% to reach the $1,490 level in the coming days.
Source: Trading View
Meanwhile, on the weekly time frame, Ether
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