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Ethereum (ETH) Price: Can the $1,600 Support Zone Save ETH From Further Decline?
- Ethereum has fallen below its 2-year realized price of approximately $2,058, putting most investors underwater
- ETH is trading between $1,750-$2,000 with significant resistance at the $1,890 and $1,950 levels
- Only 47% of Ethereum holders remain in profit according to CryptoRank data
- Analysts suggest ETH may test support in the $1,600-$1,800 range before any potential rebound
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