Ethereum Re-tests $2,100 Amid Technical Breakdown 🚨
After an intraweek low near $2,070, Ethereum is now testing the $2,140 level. CryptoQuant warns of a potential sharp decline to $1,350 if a structural breakdown continues.
While bullish catalysts like regulatory clarity and institutional demand could support ETH, current market conditions highlight risk. Ether (ETH) remains well below recent swing highs, trading nearly 7% lower for the week.
The RSI is near oversold territory but technical indicators continue pointing to elevated downside risk. If ETH fails to reclaim its broken triangle structure, selling pressure could accelerate toward $1,350 support levels.
Are you holding onto your ETH? Or looking to add more as a potential buy low opportunity amidst this recent pullback? 🛠💡
Price: $2,140 - Potential Target: $1,350 🚧
#ETH #CryptoMarketAnalysis