As per Cryptofrontnews, Ethereum's price dropped to $2,815 following a sharp break of its ascending trendline, triggering a high-volume sell-off. Despite this, valuation models suggest a fair value of $4,837, indicating strong upside potential. The market cap fell from $365B to $340B, with supply zones between $3,250–$3,800 limiting upward momentum. Traders are monitoring key levels for potential stabilization or further decline.
Ethereum Price Drops to $2,815 After Trendline Break as Valuation Models Suggest $4,837 Fair Value
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