According to @RhythmicAnalyst, Ethereum (ETH) has broken its immediate support level after several attempts to hold, indicating increased downside pressure in the short term. This technical breakdown signals potential for further bearish movement, making it a critical moment for traders to monitor ETH price action and consider risk management strategies. Source: @RhythmicAnalyst.

According to @AltcoinGordon, traders are still fading Ethereum (ETH), indicating ongoing skepticism or bearish positioning around ETH despite recent market movements. This sentiment may present potential trading opportunities for those monitoring short interest and market sentiment shifts. Market participants should closely watch ETH price action and volume for signs of a reversal or continued weakness, as persistent fading can impact liquidity and volatility in the crypto market. Source: @AltcoinGordon.