Many of the SEC ETF The decision to postpone the issue completely reversed the trend in cryptocurrencies. It found buyers at $1,730 before the news. ETH , directly broke the $ 1,716 support and dropped to $ 1,630. ETH, which has been drawn to a very important region in a wide time period, continues to pose risks in the altcoin market. So what does technical analysis show for ETH? Which price zones should be followed?
Ethereum (ETH) technical analysis
The leader of the altcoins, which was traded above $ 1,800 until recently, has reached a very critical area with the ETF postponements. ETH, which usually manages to operate this area as support, can move towards 1.716 – 1.777 – 1.835 and 1.915 dollars, respectively, if it can get a buying reaction. However, in this process, the fundamental analysis side will be as important as technical analysis.
Any time below $1,643 – $1,634 will increase the likelihood and severity of the decline in ETH. Previously, failure to protect this region brought a test to 1,578 and 1,550 dollars. Again, the same levels can be followed as support in possible declines.
