Ethereum

The post <a href="https://cryptosnewss.com/ethereum-on-the-brink-will-eth-crash-to-2150-top-investor-warns-of-major-downside-risk/" rel="noopener noreferrer nofollow">Ethereum on the Brink: Will ETH Crash to $2,150? Top Investor Warns of Major Downside Risk</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.<a href="https://cryptosnewss.com/category/ethereum-news/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> is currently facing significant challenges as it struggles to maintain its support levels amid a broader market downturn and geopolitical tensions. The cryptocurrency has seen a notable decline, dropping 15% from its recent high of $2,729. This decline has raised concerns among investors and analysts, who are closely monitoring Ethereum’s price action for further signs of weakness.One of the critical support levels for Ethereum is around $2,595. If Ethereum fails to hold this support, it could see a further decline to approximately $2,207. This potential drop has been highlighted by top investor Carl Runefelt, who shared his technical analysis on X (formerly Twitter). Runefelt’s analysis suggests that breaking this support level could lead to increased <a href="https://cryptosnewss.com/blackrocks-ethereum-etf-faces-uptake-challenges-amid-complex-narrative/" rel="noopener noreferrer nofollow">volatility</a> and uncertainty in the market.The recent price action has been disappointing for Ethereum bulls. The cryptocurrency has failed to establish a higher high above $2,820 and has lost crucial support levels, including the 4-hour 200 exponential moving average (EMA) at $2,542 and the simple moving average (MA) at $2,466. These indicators are essential for determining short-term trends, and their loss as support has raised concerns about further downside risk.Adding to the bearish sentiment, Ethereum’s price is also being influenced by external factors such as geopolitical tensions in the Middle East. The recent escalation in conflict has led to increased caution among investors, contributing to Ethereum’s decline below the $2,595 support level. The heightened geopolitical tensions have caused a shift in market sentiment, with investors moving towards a more cautious approach and increasing their selling pressure.Ethereum’s exchange reserves have also seen a significant increase, with over 144,000 ETH added in the past 24 hours. This rise in exchange reserves suggests that investors are preparing for further sell-offs, adding to the downward pressure on Ethereum’s price. Additionally, Ethereum ETFs have recorded significant outflows, with a net outflow of $0.8 million on Monday. Despite some inflows into BlackRock’s ETHA ETF, the overall trend has been negative, further contributing to the bearish outlook for Ethereum.The broader market sentiment remains cautious, with many investors waiting for a clear direction. The coming days are expected to be crucial for Ethereum’s price action, with heightened volatility anticipated in response to these shifting market conditions. Analysts and investors will be closely watching Ethereum’s next move, as it could define the cryptocurrency’s direction in the coming weeks.Ethereum is at a critical juncture, with its price action being influenced by both technical factors and external geopolitical events. The loss of key support levels and the increase in exchange reserves suggest that further downside risk is possible. Investors and analysts will need to keep a close eye on Ethereum’s price action in the coming days to determine whether it can reclaim its support levels and resume an upward trajectory or if it will continue to face downward pressure.The post <a href="https://cryptosnewss.com/ethereum-on-the-brink-will-eth-crash-to-2150-top-investor-warns-of-major-downside-risk/" rel="noopener noreferrer nofollow">Ethereum on the Brink: Will ETH Crash to $2,150? Top Investor Warns of Major Downside Risk</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Ethereum on the Brink: Will ETH Crash to $2,150? Top Investor Warns of Major Downside Risk

Cryptos Newss

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