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2mon ago

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Business & Economics

Ethereum Price Eyes Key Resistance as Analysts Warn of Drop to $1,700

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Summary
Nutrition label

70% Informative

Analyst MadWhale predicts a 13% drop to $ 1,700 if price is rejected at current resistance.

Analyst Patron sees bullish targets for the top altcoin at $ 2,296 and $ 4,000 if support holds.

ETH /BTC is currently testing a critical support zone last seen in late 2020 , raising the possibility of a trend reversal after years of decline.

At press time, ETH is trading at $ 1.999.75 , marking a 1.20% gain over the past 24 hours .

VR Score

55

Informative language

45

Neutral language

50

Article tone

formal

Language

English

Language complexity

45

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not offensive

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not hateful

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Known propaganda techniques

not detected

Time-value

short-lived

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