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breaking news: ethereum faces critical support at $3,385 with a potential drop below $3,400 looming 📉🔥
ethereum’s rejection at the 0.618 Fibonacci retracement level sparks concerns of further decline as selling pressure increases, forming a lower high pattern: potential
Ethereum’s price rejection below $4,000 has sparked concerns of further decline, especially at the 0.618 Fibonacci retracement level. The rejection led to a lower high formation, indicating increased selling pressure. As Ethereum struggles around $3,900, potential support at $3,385 is crucial. If the corrective phase persists, a drop below $3,400 is likely. Despite bearish signals, a break above $3,900 could reverse the downtrend, according to analysts. 📉🐻📈🐂
Ethereum Price May Drop Below $3,400 After 0.618 Fibonacci Level Rejected
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