Ethereum Breaks Below Critical Support Level
Latest data shows Ethereum has dropped below the key psychological level of $2300, currently trading at $2299.76. This marks a test of short-term market sentiment, with investors advised to closely monitor subsequent price action.
1.65% Gains Amid Price Decline
Despite the short-term price decline, ETH has still recorded a 1.65% gain over the past 24 hours. This divergence between price and gains suggests increasing market volatility.
Strengthen Risk Management
- Implement stop-loss mechanisms to control potential losses
- Avoid excessive leverage during volatile periods
- Monitor market dynamics and technical indicators closely