Ethereum $ETH is currently testing a critical psychological floor as the ETH coin battles to hold the $2,000 level amidst a broader market sell-off. Despite the recent "liquidation cascade" that saw the ETH coin drop significantly from its yearly highs, institutional interest remains high with banks like Standard Chartered maintaining long-term targets of $7,500. Technical charts for the ETH coin show a descending wedge pattern, suggesting that if it can flip the $2,150 resistance into support, a recovery phase could begin. However, the short-term outlook for the ETH coin remains cautious as it stays closely correlated with Bitcoin's volatility.

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ETH

2,022.06

+1.27%