None
EN
Ethereum drops 7% below $4,200 amid liquidations, rising macro pressure
['Diya Poddar']
Invezz
The break of $4,200 raises the risk of deeper corrections, although long-term holders continue to accumulate ETH, pulling large volumes off exchanges.
The clash between short-term pressure and long-term conviction is setting the stage for Ethereum’s next move.
The divergence is now clear: while short-term traders are selling, long-term investors appear to be buying the dip, positioning themselves for potential future gains.
Technical levels highlight downside risksCopy link to sectionEthereum now trades below both the 20-day exponential moving average and the critical $4,200 support level, tilting short-term momentum further to the downside.
Analysts maintain that Ethereum still has long-term potential, with price targets as high as $10,000 for the current cycle.
['amid'
'support'
'macro'
'pressure'
'liquidations'
'link'
'shortterm'
'4200'
'moves'
'selling'
'ethereum'
'momentum'
'longterm'
'drops'
'rising'
'accumulation']