There are volatile hours in Ethereum (ETH), which has been in a falling trend structure since 1940 dollars.
ETH, which has been trading in a falling trend for about three weeks, is trying to break this structure as of its price. The leader of altcoins, which fell after touching $ 1940, is currently around $ 1842. Although ETH managed to overcome the trend by forcing it a little during the day, it came under the technical structure again as a result of the increase in sales-oriented transactions. What levels can be targeted in ETH with the downtrend breakout?
Ethereum (ETH) technical analysis
ETH, which started to retreat from this level by touching $ 1940 on July 16, is now priced around $ 1840. Considering that the technical structure has been going on for a long time, ETH may travel towards 1915 – 1967 and 2020 dollars, respectively, with a voluminous breakdown. In this process, the news flow about the crypto industry can also be decisive.
Continued volatility in BTC or industry-based FUD news could deepen the sell-off in ETH. In this case, the levels that can be support are 1777 – 1716 and 1639 dollars, respectively. A loss of $1639 could destabilize the ETH price structure in the short-to-medium term.
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