Analysts say Ethereum price must hold this key level to avoid a capitulation-like move

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Analysts say Ethereum price must hold this key level to avoid a capitulation-like move
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ETH needs to take back $2,250 to avoid real pain in the near future.

ETH/USDT 1-day chart. Source: TradingView

Should a further breakdown in price occur, Rekt Capital indicated that the blue zone on the chart is the “ next major support sub ~$1720,” which is located near $1,350.Insight into what Ether's price action may look like should it head lower was provided in the following tweet by ‘Crypto Feras’, whoETH/USDT 1-day chart. Source: TradingView“Technically Ether is bouncing off its 2021 summer lows .

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