Ethereum News Today: Ethereum Faces the $2,800 Test—Will It Hold Steady or Falter?
- Ethereum fell to $2,870, a key support level, amid Fed policy uncertainty and macroeconomic fears. - Technical analysis suggests stabilization near $2,800 as retail traders sell while large holders accumulate. - Declining forced liquidations and rising short positions hint at potential short squeeze risks. - Trump's 2026 tariff plans and Fed liquidity delays add uncertainty to crypto's near-term outlook.
Ethereum’s value has dropped sharply to a crucial support area, reigniting discussions about whether the digital asset is forming a bottom or if further losses are ahead. On November 19, the coin briefly touched $2,870,
The latest wave of selling was sparked by the Fed’s October 28–29 meeting summary,
Wider market dynamics add further challenges.
Despite the negative sentiment, some market watchers believe a liquidity reset could set the stage for a multi-week bottoming process.
The next direction for the crypto market will likely depend on whether the $2,800 support holds and how the Fed approaches its December policy meeting. For now, Ethereum’s on-chain signals and technical trends provide cautious optimism, even as broader economic challenges remain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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