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Ethereum Breakdown: Analyst Eyes $1,200 Price Target
- Ethereum experienced a rejection at the $2,100 price level, signaling further decline.
- Analysts suggest a sustained downtrend with potential bearish targets around $1,130 - $1,200.
- Ethereum's market outlook is influenced by Bitcoin's uncertainty and macroeconomic factors.
- Macroeconomic instability and fear of global trade war impact crypto market prices.
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