The market is in a crux. Very important level here for ETH, similar to $40k for BTC (see below idea).

So far the bulls managed to keep price above the key support at $2,800, but the question is if they can maintain it.

Any failure here from buyers to hold price will lead to bears takin over and pushing ETH quickly back towards $2,200.

Bias is neutral considering this price action and the indicators are turning rather bearish , particularly the MACD with a falling histogram. The RSI is flat as is volume .

A break below the key support level will turn MACD bearish which will be quite painful. Lets see what comes next. For now buyers appear interested here.

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