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Viewpoint: Ethereum is at a crucial support point, and if it is lost, it may fall below $2800.
According to Cryptocurrency traders, the price of Ethereum has currently reached a critical support level and is at a turning point. Failure to hold this level may lead to a drop below $2800.
MN Trading founder Michael van de Poppe said, "If this key level is breached, BTC may test $60,000 and ETH may test $2,800 as the final major correction."
Anonymous Cryptocurrency trader Crypto Wealth believes, "the only other level the price may reach before a complete reversal is around $2700."
Anonymous Cryptocurrency trader Poseidon added, "At this point, the price should sweep through the low point of $2800 and test the weekly demand, with Fluctuation ranging around $2500-2700."