Ethereum price risks falling to $1.2K next, analyst warns

An analyst has warned that Ethereum's price could drop to $1,200 if it fails to maintain support levels. Currently, Ethereum is trading below $1,600, and a sustained decline could trigger further selling pressure. The analyst highlights that a break below the $1,400 mark could accelerate the downward trend. Market sentiment remains cautious amid broader economic concerns and regulatory scrutiny. Investors are advised to monitor key support levels closely to gauge potential price movements.

Read the full article: Coin Telegraph

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