Weeks later, Ethereum (ETH) has entered a critical period, hanging below an important support zone.
The crypto market, which started to lose value with the moves of the regulators, led to the downside break of a critical support zone in Ethereum (ETH). ETH, which lost 9.60 percent in a short time, brought a 20 percent decrease in altcoins. Risks continue in ETH, which has not yet been able to assign it to a clear price area for the time being. Traded just in the middle of the next support and resistance point, in which direction can ETH move next?
Altcoins Leader Suspends Below a Critical Support Zone
ETH, which has been operating the $ 1760 region as support since March, could not find a buyer at this value in the morning’s decline. Moving towards a lower support, ETH’s next stop could be $1684. The fact that buyers have not yet gained a clear dominance poses the risk that the decline in cryptocurrencies may continue.
ETH, which is critical for the rise of altcoins, can target $ 1777 – 1844 – 1913 – 1963, respectively, if it rises. ETH, which is currently at an intermediate price, may continue to pose a danger as long as it does not rise above $ 1760.
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