Ethereum Price Under Pressure: Analysts Eye Potential Drop to $1,550 if Resistance Holds

Edited by: Elena Weismann

Ethereum (ETH) is currently trading around $1,790, facing downward pressure after a recent decline. Failure to overcome the $1,930 resistance level could trigger a further 15% drop towards $1,550, according to some analysts. While some analysts suggest a potential rally based on technical patterns, ETH's price remains vulnerable if it fails to break through resistance. Currently, the market sentiment leans bearish, with technical indicators suggesting a potential pullback. Investors should monitor key support and resistance levels closely.

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