Reaching $ 2 thousand again after a seven-month adventure, Ethereum (ETH) paved the way for the rise of altcoins, can this process continue?
ETH, which created excitement with the approach of the Shapella update, managed to reach the level of $ 2,000 months later. The successful completion of the Shapella update in the past days has made ETH even more active. Exceeding the $2,100 level, ETH has brought altcoins with it, along with this rise. Huge rises were observed in many altcoins. One of the main reasons for these upswings was the strong performance of ETH by holding above $2,000.
Encouraging altcoins with its strong and clear performance, can ETH continue this process?
Ethereum (ETH) Chart Analysis
The leader of altcoins, which is currently priced at $ 2,100, still takes a strong stance. ETH, which experienced some retracement after Shapella, made an attack again and gave confidence to the crypto market. Persistence above the $2142 level is of great importance for the upsides on the ETH side to be expected. In the case of staying above this level, it can be expected that the ongoing party atmosphere in altcoins will intensify.
In the negative pricing that may be experienced, the $2,022 level, which is the net value of the rise, may be the first region where buyers can meet the price. In case the decline deepens, the levels of 1.942 – 1.913 and $ 1.825 are important values for ETH to gain strength again.
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