The Ethereum market is showing bearish tendencies overall, particularly after a false breakout above 1,754 USD. If this support is breached, a significant drop towards 1,600 USD could occur, reflecting sellers’ dominance.
Currently, ETH is near a crucial support level at 1,796 USD. A close below this mark may signal continued decline, with the next support target at 1,780 USD. Monitoring these levels is essential for traders.
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