Ethereum Drop Coming? ETH Risks Fall To $2,180 If This Support Fails – Analyst

Quick Summary:

Crypto analyst Ted Pillows highlighted ETH’s bullish divergence in the 3-hour chart, suggesting that "a short-term rally towards $2,600-$2,700 looks possible.” However, he noted that the potential rebound could be a "dead at bounce.” Meanwhile, Altcoin Sherpa indicated that the cryptocurrency could move sideways for the next few months, pointing to ETH’s performance after losing the $2,900 support in August 2024.

Related Reading: Solana Sentiment Hits 1-Year Low Amid Market Correction – Analyst Suggests Drop To $70 Ethereum Risks Fall To $2,180 Following the $1.5 billion hack of crypto exchange Bybit, the crypto industry experienced a market correction that sent most cryptocurrencies below their key support levels.

Crypto analyst Ali Martinez had previously warned that this level was key for cryptocurrency’s bullish trend continuation, and failing to hold this support zone would send the price to the $2,4000 mark.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: ETHUSDT Ethereum Crypto market correcion Bybit hack Ethereum Analysis Cryptocurrency Market News Bybit Security Breach ETH Crypto analyst Crypto investor Crypto trader Ethereum price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 12:30:09 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 548 words

Reading Time: 4 minutes read

Sentences: 79 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 26511599

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