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Ethereum Price Prediction: More Drops or a Rebound?

  • Ethereum (ETH) has been facing a downtrend, with the price dropping to $1,888.
  • The Relative Strength Index (RSI) indicates oversold conditions, potentially triggering a short-term bounce.
  • The Moving Average Convergence Divergence (MACD) indicates strong negative momentum, suggesting continued bearish pressure.
  • Key support and resistance levels to watch are $1,850-$1,880 and $2,000, respectively.

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