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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