Ethereum loses $2.8K support as charts point to possible 22% downside

Ethereum slipped under $2,800 as charts and onchain data suggested downside risk remains elevated, with a potential move toward $2,100.

Ether (ETH) could see another sharp drop after losing the support level at $2,800, with technical charts and onchain data suggesting the downtrend will continue.

Key takeaways:

Ether’s descending and symmetrical triangle setups converge at $2,100.

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