ETHEREUM

Ethereum continued to fall the previous day, with sell-offs across the market hitting a support level of $ 2,700. Of course, it did not reach the exact price of $ 2700, and before that, it returned to $ 2800 with the activation of buyers' orders. The support range at which the price is currently located is also at the bottom of the short-term bullish channel.

But the most important support for Ethereum, which I expect to prevent further price declines if the market continues to fall, is in the range of $ 2511 to $ 2430. But for today and tomorrow, a break in the current support range could cause a short-term reversal to the downtrend channel, and before the return, it could drop back to the $ 2700 range for re-testing support.