Bitcoin (BTC), which has made a splash with the ETF news, continues to carry Ethereum (ETH) to the resistance level, what can happen to altcoins from now on?
Due to the turmoil and negative news flow in the industry, the withdrawn cryptocurrencies BlackRock’s BTC ETF application it was lifeblood. BTC and ETH, which are trading below the support price, have created a positive atmosphere in the crypto atmosphere by jumping above these values. To altcoins that have drastically depreciated with the weakness in BTC ETF mobility came. From now on, use Ethereum ( ETH) what can be waiting for?
Ethereum (ETH) Chart Analysis
shapellamanaged to maintain its price structure after the update. ETH started to lose value, affected by regulatory pressures. ETH, which has not been able to make a higher peak since 1915 dollars, turned its direction upwards, finding strength with the news of the ETF in BTC. Potential selling points for ETH, which rose with a reaction from $ 1620, are $ 1684 – 1777 – 1844 and 1915, respectively.
In the scenario where regulatory sanctions continue and BTC remains at 25,250, a test for ETH to $1588 and $1532 supports could be made. When we consider the current state of the market, the importance of news flow becomes more evident. Therefore, a close follow-up of fundamental analysis for price movements in major coins can provide positive data.
