đš Ethereum at Risk? Key Support Level Threatens Sell-Off! đš$BTC $ETH
Crypto analyst Ali Martinez has raised concerns over Ethereum (ETH), warning that a critical support level at **$2,300** could trigger a significant sell-off if breached. Currently trading at **$2,447**, ETH is just 7% away from this crucial zone, where **2.4 million addresses** hold **52.6 million ETH**.
Failure to maintain this support may lead to panic selling as investors rush to cut losses, driving the price down further. Martinezâs **In/Out of the Money Around Price (IOMAP)** analysis indicates that if this demand zone collapses, it could prompt a wave of selling pressure.
In related news, Martinez also shared insights on Bitcoin (BTC), predicting a dip to **$60,000** followed by a rebound to **$66,000**, with further fluctuations expected due to increased leverage on exchanges, raising volatility risk.
Traders are advised to proceed with caution as the crypto market remains unpredictable. Will Ethereum hold its ground, or is another correction on the horizon? Let us know your thoughts!
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