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The Crypto Market Has Lost 3% but Has Not Broken Through Support

The Crypto Market Has Lost 3% but Has Not Broken Through Support

Fig. 3. Ethereum pulled back from its highs but remained within the global uptrend.

Ethereum looks slightly more confident, remaining above the $2K round figure, above the 50-day MA and the support line of the multi-year trend. Should pressure on the crypto market intensify, it will be worth monitoring whether the second-largest cryptocurrency can hold above $1.8K. A break below this level would be a significant bearish signal, potentially triggering sell-offs across a wider range of coins and bringing an end to the crypto market’s recent resilience to external threats.

Crypto News

The fall in Bitcoin during the current market cycle has been significantly less severe than in previous periods, notes Fidelity Digital Assets. While…

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