<ul><li>Ethereum (ETH) has dropped by over 5.65% to around $2.4K, with a market cap of $297 billion.</li><li>The market has witnessed $284.94 million worth of Ethereum liquidated, pushing the overall crypto market cap down by 2.01% to $3.22 trillion.</li><li>ETH bears might establish a negative trend line, with potential further downside corrections leading to more losses. A bullish shift would require a climb above the $2.6K mark.</li><li>Technical indicators like MACD, CMF, BBP, and RSI suggest a negative momentum and potential further downside for Ethereum unless a reversal occurs. The asset might test support at $2,425 or move upwards to test resistance at $2,480.</li></ul>

Ethereum (ETH) Dives 5%, Is a Deeper Bearish Slide Coming?

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