If ethereum's weekly close falls below $1,850, a further accelerated decline may occur.
According to BlockBeats, on May 29, analyst Alicharts stated that if Ethereum’s weekly closing price falls below $1,850, a faster downside move will become highly likely. Through technical analysis, Alicharts believes Ethereum’s downside support levels are as follows:
• First target: around $1,560 (mid-term structural support);
• Second target: near $1,070, which marks the lower boundary of a multi-year range.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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