$BTC 📉 Market Condition (Short‑Term)
Ethereum has been under downward pressure recently, trading near critical support levels around $2,100–$2,200. Prices dipped as broader crypto markets weakened alongside Bitcoin and investor sentiment soured. �
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⚠️ Technical Weakness & Oversold Signals
Technical indicators show ETH in oversold territory, which can sometimes lead to short‑term bounces. Some analysts now see potential rebound zones near $2,500–$2,700 if buying interest returns. �
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📊 Key Levels to Watch
Support: ~$2,000–$2,200 — a crucial zone that could determine whether downward pressure continues or slows. �
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Short‑Term Resistance: ~$2,350–$2,700 — breaking above these levels could spark short rallies. �
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📈 Bullish Medium‑Term Scenarios
Some forecasts see ETH recovering toward $3,200–$3,600 in the following weeks to months if market conditions improve. Traders point to technical setups that favor relief rallies from oversold lows. �
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📉 Bearish Risks
If support near $2,000 fails, deeper selling pressure could extend further, especially if broader crypto sentiment stays weak or macro factors (like interest rates or regulation) weigh down risk assets. �
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