If 1600 breaks, could Ethereum go to 1200? Is 10x Research being alarmist or issuing an early warning this time?

10x Research made a pretty scary judgment — Ethereum has hit the 1600 support level this week. If it cannot hold, the next stop is 1200, directly back to the level at the time of FTX's collapse.

Several bearish factors are indeed on the table:

• Ethereum Foundation lays off 20% of staff, morale affected
• Developer incentive programs expire, ecosystem activity under pressure
• Spot ETFs continue to see outflows, institutional demand weak
• Price is trading below the 7-day and 30-day moving averages, technically bearish

Down 7.4% in the past seven days, this level is indeed at a point where a direction must be chosen.

But honestly, at the 1600 level, both bulls and bears are watching. A break would trigger a chain reaction; holding would form a double bottom pattern. 10x Research has always taken a macro perspective, and their judgment leans more toward trend projection rather than short-term trading signals.

The key is position management. Don't bet all your chips on one direction. Before the trend becomes clear, watching more and acting less may be the better choice$ETH
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