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Ethereum Price Sits Above Crucial Support Level — Is A Fall To $1,500 Possible?

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Ethereum Price Sits Above Crucial Support Level — Is A Fall To $1,500 Possible? - NewsBTC

Quick Summary:

According to the latest on-chain data, the Ethereum price seems to be sitting above a crucial support level, which could determine the altcoin’s trajectory over the next few weeks.

The rationale behind this expectation is that when the ETH price returns to around $1,772, investors with their cost bases in and around this level are likely to defend their positions by buying more tokens, helping the price to stay afloat the support region.

In crypto trading, cost-basis analysis determines a price level’s capacity to serve as support or resistance based on the volume of coins last acquired by investors in the region.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-04 @ 22:00:20 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28380081

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://infodata.beamstart.com/news/ethereum-price-sits-above-crucial-17463988143419

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