Ethereum’s Sudden Plunge: Is it the End of the Bull Run or Just a Little Dip?

Oh, what a shocker! The crypto world, ever the dramatic theatre, keeps giving us plot twists. According to CoinStats, the ongoing market drop seems to be the most plausible scenario—again. Brace yourselves, folks!

ETH/USD

The price of Ethereum (ETH) has dropped by a whopping 5.22% in the past 24 hours. It’s almost like watching your favorite sports team lose… again. Can’t make this stuff up, can we?

Despite today’s little tumble, ETH’s chart still has that lovely bearish aura hanging around. And if the support levels get broken, don’t be surprised if we take a little detour to the $1,900-$1,950 zone. Cue the dramatic music!

But wait—there’s more! On the grand stage of bigger time frames, we focus on the daily bar closure around the $1,993 level. If the candle closes where it’s at, well, it’s like the stage lights dimming before the curtain falls, and we might just slide further into the $1,900 territory.

Looking at the midterm (because who needs long-term optimism, right?), sellers are still playing the game. If buyers lose their precious $2,000, expect ETH to drag itself down to the $1,800-$1,900 range before the month is over. So much for bullish hope.

Currently, Ethereum is sitting comfortably at $2,030, which is honestly a bit of a surprise at this point. Can it hold up, or is it just waiting for the next inevitable crash? Stay tuned!

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2025-03-10 18:24