## Ethereum Faces Sharp Midline Correction: Key Support Levels Under Pressure
Ethereum has experienced a notable pullback today, marking one of its steepest single-day declines in recent months. Current market data shows ETH trading in a compressed range, with significant volatility extending across multiple timeframes.
### **Price Action and Support Breakdown**
ETH dipped to approximately $4,496 in early trading, representing a 5.41% decline in the 24-hour period. By late morning, the asset recovered slightly to around $4,537, though the daily loss still hovered near 3.81% as trading progress
Ethereum has experienced a notable pullback today, marking one of its steepest single-day declines in recent months. Current market data shows ETH trading in a compressed range, with significant volatility extending across multiple timeframes.
### **Price Action and Support Breakdown**
ETH dipped to approximately $4,496 in early trading, representing a 5.41% decline in the 24-hour period. By late morning, the asset recovered slightly to around $4,537, though the daily loss still hovered near 3.81% as trading progress