Can Ethereum (ETH), which retreated from $ 1930, pave the way for the rise of altcoins? What does the current data show in ETH?
ETH, which tested $ 1930 with BTC hitting $ 30,800, came to $ 1879 after the markets pulled back. The expected rises in altcoins have not yet materialized, due to ETH price and Bitcoin Dominance. The leader of altcoins, which is in the range of 1920 – 1842 dollars, can quickly reach its target if it targets 2000 dollars.
When Can Funding for Altcoins Begin?
ETH, which has been priced upwards since $1620, retreated a bit from the $1920 resistance zone. The forerunner of altcoins, currently trading at $ 1879, can target 2020 and $ 2056 if it can exceed the critical region of $ 1920. In the possible bullish scenario of ETH, the money transition to altcoins will accelerate. Additionally, the loosening of BTC Dominance will increase the positive mood in altcoins.
In cases such as the increase of BTC Domina, fud news about the market, the points where ETH can be withdrawn are 1842 – 1777 – 1716 – 1620 dollars, respectively. A downside break of $1620, which is considered a short-term bottom, could open the way to $1588.
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