Analysis of Work $ETH now

♦Status: Sharp and clear decline (Bearish), and the price is currently below all moving averages (MA).

♦Upcoming support: Area $2,112 (the last bottom in the candle). Breaking this level may open the door for a larger decline.

♦Resistance: Area $2,128 (MA 99 level); returning above it is necessary to regain some positivity.

♦Liquidity indicator: Selling volume (red candles) is very strong, indicating the bears' control currently.

♦Conclusion: The trend is clearly downward. Any rebound without breaking $2,130 is considered just a correction of the decline.

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