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Ethereum Tests Critical MVRV Levels – Failure to Hold $2,060 Could Send ETH To $1,440

  • Ethereum's price dropped below $2,000, reaching its lowest point since October 2023.
  • The broader crypto market downturn and selling pressure have put Ethereum in a vulnerable position.
  • Ethereum is testing key support levels below $2,000, and failure to stabilize could lead to further selling and a potential drop to $1,440.
  • If Ethereum can hold above $2,060, it may have a chance to stabilize and attempt a recovery, but the market remains uncertain.

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