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ETH/USDT Price Analysis: Bearish Sentiment Prevails, Possible Dip Below $1500

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Hello,

As of now, Ethereum (ETH) is being traded at $1570, and the sentiment on the lower time frame (LTF) chart is bearish. Based on this, it is my prediction that the price of ETH may drop below $1500 soon.

For ETH to turn bullish, it would need to surpass the $1650 mark. Currently, the sentiment is neutral, with a support zone at $1550 on the LTF chart.

To summarize:

👉 ETH is trading at $1570.

👉 LTF chart sentiment is bearish.

👉 I predict that the price of ETH may drop below $1500 soon. ( Not Financial Advice )

👉 ETH needs to surpass $1650 to turn bullish.

👉 The sentiment is currently neutral, with a support zone at $1550 on the LTF chart.

Thank you.

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