Ethereum’s Price Struggles Amid Selling Pressure
- Ethereum is trading below $2,300, with a current price of $2,222.
- The cryptocurrency has lost 49% of its value since late December.
- A critical support level for Ethereum is at $2,200.
- A rapid decline led to a 26% correction in less than five days.
- Bulls need to push the price above $2,500 to signal potential recovery.
Ethereum faces significant selling pressure as it trades at $2,222. The cryptocurrency has experienced a sharp decline of 49% since late December. Analysts emphasize the importance of maintaining the $2,200 support level to avoid further losses and suggest that reclaiming $2,500 could indicate strength and potential recovery.
Source (2.6)https://www.newsbtc.com/news/ethereum/if-ethereum-holds-2200-price-could-recover-fast-analyst-sets-price-target/?rand=52377
