Ethereum Dips Below $3,200 as Market Enters Volatile Phase
Recent market data shows Ethereum (ETH) has broken below the crucial $3,200 support level, touching a low of $3,199.32 with a 24-hour decline of 4.48%. The move signals growing caution among investors amid shifting market dynamics and broader macro uncertainty.
Why This Pullback Matters
- The $3,200 zone was a key battleground for bulls and bears
- Trading volume spiked during the drop, indicating strong selling pressure
- Technical indicators, including RSI, are turning bearish
With momentum weakening, traders should remain alert to further downside risk. Monitoring on-chain activity and macro trends will be essential in navigating near-term volatility.