Ethereum Crossroads: ETH Faces Crucial Make or Break Point

Ethereum declined below $2,300 support, exposing further downside risk

• Ethereum struggled to rise above $2,550 and $2,580 resistance levels, initiating a fresh decline.

• ETH, like Bitcoin, traded below the $2,400 support and started a decline.

• Ethereum extended losses, breaching the $2,260 support amid a fresh decline.

• ETH is poised for a breakout from the ascending expanding wedge pattern on the daily chart.

• According to Coingabbar analysis, Amid a market slowdown, overhead supply suggests a potential retest with a risk of a quick drop to $2,000.

KEY LEVELS :

RESISTANCE LEVEL : $2,280-$2,340

SUPPORT LEVEL : $2,190-$2,130

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