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$ETH Key support levels are under testing.
If Ethereum's weekly close falls below $1850, the market may enter a new phase of accelerated decline.
From a technical perspective, there are two important support zones to watch:
📍 First target: $1560
This is the medium-term structural support zone and also the location where funds have historically been absorbed multiple times. If it drops to this range, the market may experience a temporary rebound.
📍 Second target: around $1070
This is the lower boundary of Ethereum's multi-year large range. Once touched, it indicates the market will retest the important bottom area of the previous cycle.
It is worth noting that what truly determines the subsequent trend is not a specific price, but whether the weekly close at $1850 can hold.
Holding it would mean the market still has a chance to maintain a sideways structure;
Losing it would imply that the bears may further take control.
For current ETH, $1850 is no longer just a price level, but an important watershed for both bulls and bears. 📉 #ETH #Ethereum #Crypto #BTC