Ethereum has printed its first death cross since 2022, echoing past correlations with significant price declines. The current downtrend sees ETH at 2,413 USD, remaining below key trendlines, which indicates ongoing risks in the market.
Despite the bearish signals, rising trading volume and active network use suggest that a bullish resurgence could be possible if ETH overcomes the 20 and 50-period EMAs, potentially rallying toward the range of 3,500-4,000 USD.
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