According to TradingView data, the total volume of crypto money markets increased by 1.55 percent to $ 993 billion, below the psychological support of $ 1 trillion. These volume changes, which cause price fluctuations in the market, continue to push the cryptocurrency market. Recently, the statements of Fed chairman Jerome Powell were received negatively in the crypto money markets. Let’s examine the price action in Bitcoin (BTC), Ethereum (ETH) and Avalanche (AVAX) together. What level is Bitcoin at? What is the latest situation in Bitcoin? At what level is the Ethereum price? What’s the latest in Avalanche?
Bitcoin (BTC) Latest Status
Bitcoin started the day with a 1.63% rise. The leading cryptocurrency of the market, Bitcoin, lost the support of $ 20 thousand. The fact that Bitcoin lost the support of $ 20 thousand caused a decrease in other assets in the market. Bitcoin is currently volatile below its critical zone. The statements of Fed Chairman Jerome Powell were effective in this decline of Bitcoin. Powell’s announcement that they will continue to increase interest rates caused decreases in the crypto market.
Bitcoin’s 4-hour chartThe next target for Bitcoin is the $20,000 level. It is very critical for the market for Bitcoin to hold on to 20 thousand dollars and start an upward movement from here. If we are going to see a drop from here, the bearish zone could be the $17,000 region. As of writing, Bitcoin is trading at $ 19,000.
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Ethereum (ETH) Latest Status
When we examine the price movement on the Ethereum (ETH) side, we see that ETH started the day with an increase of 1.3 percent. Ethereum, like Bitcoin, welcomed the day with an increase in the price band where it was undecided. The graph on Ethereum is also similar to Bitcoin. Ethereum, on the other hand, has lost the $1500 support. ETH, which gained a good momentum with the news of Merge and saw the $ 1900 level, has now lost this price band. We can show the $1400 region as Ethereum’s minor resistance in this intermediate band.
Ethereum’s 4-hour chartWhile the support zone is working in Ethereum, we can say that the next target is the $1500 level. As of writing, Ethereum is trading at $1,440.
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Avalanche (AVAX) Latest Status
AVAX, the 16th most popular coin in the crypto market, started the week on a volatile basis. Claims from Crypto Leaks caused activity on the AVAX front. AVAX was affected by the drop in the cryptocurrency market and lost its minor support in the $19 band. In addition, we can say that its particular mobility also played a role in the decline of AVAX.
Avalanche’s 4-hour chartAVAX has lost the $19 level and continues its indecisive price action at $17. The next target in AVAX can be called reclaiming the $19 support. AVAX is trading at $17 at the time of writing.
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