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Ether Approaches Critical Support Level — What’s Next for ETH Price?
Price Movements & Support Levels
Over the last 72 hours, Ethereum has been relatively volatile, with its price moving between $1,933.16 and $2,089.51. ETH stands at $2,076.22 at the time of writing, reflecting a modest 1.48% increase from the previous day. Ethereum has also experienced a substantial 66% surge since the beginning of the year.
Understanding the concept of support levels is crucial when trading. These levels represent price points where a downward trend might pause due to reaching an accumulation zone.
Ethereum is getting closer to the critical $2,200 support level, which means traders could be looking to make some entries around that zone in either direction.
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