Ethereum faces a critical technical test as it struggles to maintain its price above the $2750 support level, which analysts deem essential for preserving bullish momentum. Market observers note that failure to hold this key threshold could trigger a significant corrective phase.
Prominent financial expert @ali_charts cautions that a decisive breach below $2750 may drive ETH prices down toward $2500 or even $2380. This resistance zone has emerged as a pivotal focal point for traders, with a breakdown potentially signaling a short-term bearish trend reversal.
Investors are advised to monitor these price levels closely amid ongoing market volatility, as they could provide crucial signals for strategic positioning in the cryptocurrency market.