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#️⃣ #CryptoMarketWatch
Ethereum has entered a key buy zone, but investors remain cautious.
ETH is down nearly 20% this month, dropping from $3,900 → $3,000, confirming a short-term downtrend.
However, the Mayer Multiple has fallen below 1, signaling ETH is now trading at a historical discount — a level that has often triggered multi-month rallies.
Short-term liquidity clusters at $2,904–$2,916 and $2,760–$2,772 may still attract price before a stronger bottom forms.
If liquidity rebuilds: ETH enters its next expansion phase.
If weakness continues: correction may extend.