Cryptocurrency market hit by geopolitical problems, Ethereum( ETH) brought it to the lowest level since March.
Israel-Palestine war, continues to shake cryptocurrencies. Declining from $1640 ETH , pinned $1520 with almost no correction. The leader of the altcoins, which found a reaction just below the minor support level, reached $ 1550. However, especially in the war environment BTCThe continuation of the negative elements in ETH seems to keep ETH busy for a while.
Which levels are critical for ETH, which has reached its lowest level since March? What kind of price movement can we watch?
It dropped 13 percent in just 2 weeks!
With BTC’s rapid decline showing further weakness ETH , had pinned the price to 1545 dollars. Then, BTC recovers and the global chaos decreases to some extent, ETH He threw it up again. However, the continued decline in BTC naturally shook the ETH price again. The pioneer of altcoins, which was traded at $ 1550 as of the writing of the news.
Factors such as the Israeli-Palestinian war evolving to a larger size or BTC remaining below 27,000 will naturally push the ETH price to lower levels. The areas that can serve as support in such a scenario are 1514 – 1464 – and 1421 dollars respectively. Especially with the loss of $ 1421, altcoins may be subject to a harsher collapse.
