Ether must hold $2.7K to avoid deeper correction, analysts say
Ether's price must remain above $2,700 to prevent further downside after a recent recovery where it traded above $2,800 following a drop to $2,150. According to Aurelie Barthere from Nansen, if Ether falls below $2,700, it risks significant corrections, potentially down to $2,300. This price level is critical as leveraged long liquidations could exceed $1 billion if it dips below $2,650. Analysts indicate that the market's volatility is tied to macroeconomic concerns such as trade tensions. Despite these fluctuations, the fundamental value of the Ethereum network remains strong, processing over $30 billion in daily transactions across layer-2 networks. Investors maintain a positive sentiment towards Ether, viewing the current market as a potential buying opportunity.
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