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Over the past 24 hours, Ethereum (ETH) has experienced a slight decline of approximately 2.22%, with prices fluctuating between $1,825.98 and $1,914.82.
Technical Analysis:
Support Levels: Ethereum is currently testing a significant support zone around $1,825. If this level fails to hold, there is a potential risk of a further decline, possibly towards $1,700 or lower.
Market Sentiment: The broader cryptocurrency market has been under pressure, with total market capitalization declining to $2.5 trillion, a third lower than the peaks in December last year.
Summary:
Ethereum is currently navigating a critical support level at $1,825. A breakdown below this threshold could lead to further declines. Investors are advised to exercise caution and closely monitor market developments when making investment decisions.