Opinion: Ethereum is at a critical support point, if it fails, it may fall below $2,800

According to cryptocurrency traders, Ethereum’s price is now at a critical support level and is at a tipping point that could lead to a drop below $2,800 if it fails to hold. Michael van de Poppe, founder of MN Trading, said, “If this key level is lost, Bitcoin could test $60,000 and Ethereum would test $2,800 as the last major correction.” Anonymous cryptocurrency trader Crypto Wealth believes that “the only other level that the price could reach before a full reversal would be around $2,700.” Anonymous cryptocurrency trader Poseidon added, “At this point, the price should sweep the $2,800 price low and test weekly demand, fluctuating around $2,500-2,700.”