Ethereum Tests $1,600 Support, Could Fall to $1,200 If Breached—10x Research

ETH-1.08%
According to 10x Research, Ethereum is testing the $1,600 support level this week; if the level breaks, the next downside target is $1,200. ETH has declined 7.4% so far this week and has broken below both its 7-day and 30-day moving averages, signaling weak technical momentum.
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