Reacting from a critical support level with the fall of Bitcoin (BTC), Ethereum (ETH) continues to be a danger element for altcoins.
The news that MtGox and the USA were selling BTC led to a decrease of close to 10 percent in BTC. ETH, which was greatly affected by this situation, came back to the level of $ 1,800, which it has not tested for a long time. ETH, which has passed its upward movement by finding buyers at $ 1,800, still creates a risky environment for altcoins. ETH, which is close to its daily and weekly opening price, must surpass critical resistance levels to carry altcoins again.
Ethereum (ETH) Chart Analysis
ETH, which has found buyers in the $1,800 – $ 1,770 band in the past, has tested this level again with the withdrawal of BTC. The news of the sale of MtGox and the USA, which created great fear by targeting BTC, also rang the alarm bells for ETH. ETH, which stood up after it was stated that the news was not true, managed to reach up to $ 1,960. The leader of altcoins, which saw selling pressure from this level, has returned to its daily and weekly opening price.
It can be followed that ETH, which is an important criterion for observing large rises in altcoins, exceeds the levels of 1.942 – 2.022 – 2.056 and 2.142 dollars, respectively. If the Fud news about the crypto market continues, it will be possible to pull back to the levels of $ 1.860 – $ 1.825 and $ 1.775, respectively.
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