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Bitcoin and Ethereum are both facing a critical support test as market caution intensifies.
[Chain News] Bitcoin has formed a death cross pattern near its historical high, which is a common bearish signal. Currently, it is important to follow whether Bitcoin can hold the significant support level of $40,000. If it falls below this level, it may further decline to the range of $35,000-$38,000.
On the other hand, Ethereum is also facing a similar technical pattern and needs to follow the support level around $2000. If Ethereum cannot hold this level, it may fall to the range of $1700-$1800.
Overall, the cryptocurrency market is currently at a critical moment, and investors need to remain cautious and closely follow the price trends of mainstream coins.