Definition ∞ ETH price support represents a specific price level at which buying interest for Ethereum (ETH) is anticipated to be sufficiently strong to prevent further price declines. This level acts as a floor, where selling pressure is expected to diminish and demand is likely to increase. It is a key technical analysis concept. Maintaining this level indicates underlying market strength.
Context ∞ News articles often reference ETH price support levels when analyzing market trends and potential future movements. A successful defense of a support level can signal a market rebound or consolidation phase. Conversely, a breach of a significant support level may suggest further downward price action, providing critical context for investor decisions.
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