What price movements can be observed in Ethereum (ETH), which is on the rise with a reaction from a critical support area?
ETH, the leading name of altcoins, created a panic atmosphere in the market by hanging below the $ 1840 support a few days ago. However, BTC’s upward move that came with the Fed rate decision was almost a medicine for ETH. ETH, which managed to reach $ 1890, came to $ 1870 with the short-term correction in BTC. What levels are important in ETH so that positive pricing can be expected in altcoins?
Ethereum (ETH) technical analysis
ETH, which turned its direction up again with the contact of $ 1830, is currently trading at $ 1870. In order for the spring weather to be expected in the altcoin market, the resistance levels in ETH are 1913 – 1968 – 2020 and 20256 dollars, respectively. In this process, the price structure of 1913 dollars can be decisive.
In negative situations such as potential problems in the Ethereum network or BTC staying below $29,000, ETH can naturally test support zones. The leader of the altcoins, the points that can be receptive are 1841- 1777 – 1716 and 1633 dollars, respectively. A downside break of $1,633 could push the altcoin market down drastically.
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