Latest market data shows Ethereum has dropped below the critical support level of $2,300, currently trading at $2,298.71.
Market Overview
Prices have declined by 9.81% in the last 24 hours, indicating a significant cooling in market sentiment.
- Investors should be cautious of further downside risks
- Technical indicators suggest a bearish short-term outlook
- Setting stop-loss points is recommended to mitigate risk
Response Strategy
In the current volatile environment, holders should reassess their strategies and allocate assets prudently.