Ethereum (ETH) Chart Analysis – May 16, 2023

How does the graph of Ethereum (ETH), which stands out with staking transactions, continue, can big rises be observed?
 Ethereum (ETH) Chart Analysis – May 16, 2023
READING NOW Ethereum (ETH) Chart Analysis – May 16, 2023

How does the graph of Ethereum (ETH), which stands out with staking transactions, continue, can big rises be observed?

ETH, which shines with staking services after Shapella, managed to reflect this situation to its price within hours. The momentum of ETH, which came to $ 1,850, decreased a little with the fall of BTC. ETH, which is still on the agenda, can bring volume increases on behalf of altcoins if it targets the upper levels.

Ethereum (ETH) Chart Evaluation

ETH, which reached $ 1,850 by finding support from staking transactions, came to $ 1,818 with the relaxation of Bitcoin. Under the condition that BTC is stable or gaining value, more voluminous transactions can be seen for ETH. ETH, which is on the agenda with staking services, can target the resistances of 1.850 – 1.916 – 1.965 and 2.056 dollars, respectively.

The continuation of the decline in BTC, the negative market-based news that can be experienced in the ETH network, may bring the ETH price further down. ETH’s support points are at $1,772 – 1.684 – $1,588, respectively. The reaction of ETH from these values ​​will be decisive in the fate of altcoins.

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