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Ethereum nears key $1,743 level; reclaim could trigger sharp rebound amid whale inactivity

Technical Signals
14 Jun 2026
Coinpaper
View Source
Neutral
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Ethereum has slipped below a critical support level at $1,743, raising concerns about a continued downtrend. However, analysts note that large holders (whales) are not actively selling, which may reduce selling pressure and set the stage for a potential sharp price rebound if Ethereum reclaims this level. This scenario, known as a bear trap, would trap sellers and could lead to a recovery toward $2,400. Traders are closely watching whether Ethereum can regain $1,743 to confirm a bullish reversal or continue its downward trend if the support remains lost.

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