Ethereum’s Price Struggles Raise Concerns for Traders and Market Participants – BitRss

Ethereum (ETH ($2,682.20)) $2,669, the largest altcoin, has recently reached a significant threshold and is entering a decisive period for future price movements. Experts suggest that if ETH cannot maintain its current price levels, a downturn could be inevitable. Market participants are closely monitoring the situation as the price approaches this critical juncture.

Ethereum Price Analysis

Despite forming a rising triangle pattern on the four-hour price chart, Ethereum remains under the influence of a downward trend. Given the current price movements, if it closes below the $2,680 level, a drop to $2,560 could become likely.

Ethereum ETH Price Analysis, Commentary – February 17, 2025

Additionally, Ethereum’s daily price chart ind…