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ethereum has been on a roller coaster
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ride recently bouncing back above
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$2,800 after plummeting to a three-month
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$2,150 but the question on everyone's
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mind can ether stay above
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$2,700 or are we looking at another
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sharp correction let's break it down
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over the past 24 hours ether has seen a
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strong recovery jumping more than 10%
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but Market analysts warn that if eth
0:30
we could see another wave of sell-offs
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and liquidations orle bar there a
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principal research analyst at nanson
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$2,700 is a crucial level if it breaks
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the next key support is around
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$2,300 ethereum's price movement isn't
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happening in a vacuum the broader Market
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took a hit after president Trump
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announced new import tariffs on China
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Canada and Mexico investors fear a
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possible global trade War which could
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create econom IC uncertainty and impact
1:03
cryptocurrencies however negotiations
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are ongoing Trump is set to meet with
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President Xi Jinping in the coming days
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aiming to ease tensions and avoid a
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full-blown trade War there's also been a
1:15
temporary 30-day delay on tariffs for
1:17
Mexico and Canada which gives markets
1:19
some breathing room so what happens if
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$2,700 according to coin glass data a
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drop under this level could trigger
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nearly $500 million in leveraged long
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liquidations and if eth falls below
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$2,650 that number jumps to over $1
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billion this kind of mass liquidation
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event can create a cascading effect
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sending prices even lower but here's the
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key takeaway short-term volatility
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doesn't Define ethereum's long-term
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potential Marchin kmir COO of redstone
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points out that ethereum's fundamental
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value remains strong the network
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processes over 30 billion dollars in
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Daily transactions across its layer 2
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networks making it one of the most
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robust ecosystems in the crypto space so
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what should investors watch for next
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$2,700 support level if eth holds we
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could see continued recovery if it
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breaks brace for potential downside but
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in the bigger picture ethereum's
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ecosystem growth Remains the real driver
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of its value what's your take will eth
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hold the line or are we heading lower
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drop your thoughts in the comments below
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and don't forget to like subscribe and
2:34
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