Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target

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Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target - NewsBTC

Quick Summary:

The dramatic downturn has led analysts to question whether ETH can maintain its long-term bullish structure or if a deeper correction is imminent. Top crypto expert Ali Martinez shared a technical analysis on X, revealing that Ethereum appears to be forming a long-term head-and-shoulders pattern.

Related Reading: Bitcoin Price Must Hold Above $97K To Sustain Momentum – Metrics If ETH manages to reclaim the $2,800 level and push above $3,000, confidence could return to the market, signaling the first steps of a recovery.

Related Reading: Solana Will Drop To $211 If It Fails To Break Key Resistance Level – Analyst As macroeconomic fears and trade war tensions continue to influence market conditions, Ethereum’s price action will be a key indicator of broader investor sentiment.