Ethereum price held onto critical support! What level is next in line?

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Cryptocurrency News – When we examine the Ethereum price chart, we see that we are holding onto the multi-year support area. The multi-year support line in Ethereum is positioned just above $2,600. Ethereum briefly fell below $2,600, but unlike the Bitcoin price, this drop was not confirmed by candlestick closure. The Crypto World, which is somewhat more optimistic about the Bitcoin price, does not hold the same view for Ethereum.

An analyst believes that a major crash could be looming in Ethereum. Particularly, the leading altcoin could retreat to the support range of $2,150 to $2,200 if it breaks below $2,600. However, if it continues to bounce from the support point, there is also a possibility of surpassing $2,700. Nevertheless, it is important to note that there are many resistance points to overcome. Crypto analyst Ali Martinez also says that Ethereum investors are feeling anxious. He argues that overcoming $3,000 is necessary to dispel this concern.


The information in the text is purely for informational purposes. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investment is based on many factors such as knowledge, experience, research, and personal decisions.


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