Ethereum Under Pressure: Analyst Warns of a Potential Drop as ETH Is ‘Looking Weak’

Ethereum Under Pressure: Analyst Warns of a Potential Drop as ETH Is ‘Looking Weak’

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto Bits Earlier this month, it seemed like Ethereum (ETH) was on its way to reclaim $2,500, but the bears intercepted the move. Currently, the asset trades at around $2,300, and some analysts believe a more substantial correction could be knocking on the door. On the other hand, certain on-chain indicators suggest that the bulls might regain control in the near future. According to X user Ted, the asset is “looking weak” right now. He claimed that Bitcoin has reclaimed its key level, while the second-largest cryptocurrency keeps getting rejected from the $2,400 resistance zone. The analyst added that the major support

Source: https://cryptopotato.com/ethereum-under-pressure-analyst-warns-of-a-potential-drop-as-eth-is-looking-weak/