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Ethereum’s Major Decline: Is $1,290 the Key Support Level for ETH?

  • Ethereum dropped over 27% in two days, triggering $257.87 million in liquidations.
  • Ethereum investors have incurred over $500 million in losses, with short-term holders leading the sell-off.
  • ETH's next support level lies at $1,290; if broken, further decline may follow, though past recoveries offer hope.
  • Ethereum has always bounced back after significant declines, suggesting potential for recovery.

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