Ethereum below the crucial $2800 support zone.

At the start of February, we saw the entire crypto market rebound sharply. Ethereum (ETH) was one of the key performers and at one point, even got closer to $4000. But it has been a sharp fall ever since. More importantly, ETH has fallen below the crucial support zone of $2800. So, how far can bears take this? Here are some highlights:

  • ETH was trading at $ 2734 at press time, down about 5% in the last 24 hours
  • ETH has also fallen below the crucial 20-day exponential moving average
  • It is likely that the coin will fall to its next support of $2400 in the coming days.

Data Source: Tradingview

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