$ETH /USDT EXPERIENCING STRONG SELLING PRESSURE – CAUTION ADVISED..
$ETH /USDT has dropped to 2,420.48, down by 1.03% in the last 24 hours, as it faces significant downward pressure. The price recently dipped close to the daily low of 2,411, breaking through earlier support levels. This bearish momentum indicates a possible continuation of the downtrend, especially if it fails to hold above 2,417. Key resistance now lies around the recent high of 2,491; a recovery toward this level could signal a reversal, but until then, caution is warranted. Traders may look for shorting opportunities if the bearish trend intensifies, but it’s crucial to set tight stop-losses to manage risks in this volatile environment. Keep an eye on support levels and be prepared for swift move.
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