ETH Price Declines 11% Since Thursday

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Bitcoin weekend slump

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Ethereum Price Forecast: Coinglass Shows Key Levels ETH Traders Must Watch as BTC Trades Below $80K

Summary

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ETH price plunged below $ 1,600 over the weekend as Bitcoin 's slide ignited sharp liquidations across altcoin markets.

Bitcoin 's collapse below $80,000 triggered cross-market liquidations that erased recent gains across the altcoin market.

Over $76.2 million in leveraged long interest is stacked at the $ 1.554 level, forming a crucial short-term support zone for potential recovery.

With RSI at 28.59 and price below VWAP, ETH could fall further unless bulls reclaim $ 1,.655 and broader sentiment improves.

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