ETH Faces ‘Moment Of Truth’ After Crash Toward $3,000
Encrypted analyst It is revealed that the price of Ethereum is at a critical junction, which can determine its future trajectory. Analysts pointed out that ETH faces “the moment of truth” and explains that if the cryptocurrency is not completed, the specific model can be entered.
The truth moment when Ethereum price faces ETH to $ 3,000
exist X postMax said that the price of Ethereum faced the truth after ETH collapsed to about $ 3,000. The encrypted analyst added that if ETH has not completed its famous “super 3 drives enter the low” mode, it can be stored miraculously, then it has ended for a period of time, indicating that cryptocurrencies may suffer pain in pain Further downward trendEssence
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Max further explained that in addition to the price structure of Ethereum, he emphasized this in the chart. The chart he followed shows that the next significant support level of ETH below $ 3,000 is $ 2,400, which indicates that cryptocurrencies may fall to this level. Psychological $ 3,000 As support.
Then, the encrypted analyst mentioned that the worst situation that may happen before giving up the price of Ethereum is that if it swept at $ 2,800, and then it was then Bitcoin price decline As low as $ 95,000. In this case, Max pointed out that Ete will need to respond immediately, which may be because the drop may stimulate the emotions between investors.
However, analysts still seem to have rushed the price of Ethereum and reiterate that he had no intention of selling spot holdings. Despite the poor performance of crypto whales, it has been actively accumulated in the past week, despite its poor performance. Bitcoinists reported this Ethereum’s large transaction volume It has soared more than 200 % within 24 hours, indicating the cumulative trend of these whales.
How to play ETH price action
In the X post, encrypted analyst Wolf predicts how Ethereum has played a role this year, and claims that ETH is currently being suppressed so that large players can accumulate. According to analysts, ETH may explode Psychological $ 4,000 price level By the end of February.
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Subsequently, Wolf forecast Ethereum price It will enjoy a bullish parade from $ 4,000 to $ 5,000 in a few days. He added that by the beginning of April, the second largest cryptocurrency divided may reach $ 6,500. Once completed, the analyst expects Ethereum to go through a price correction of two to three weeks, and then push it to between $ 9,500 and $ 10,000.
When writing this article, the price of Ethereum was about $ 3,100, which has dropped by nearly 2 % in the past 24 hours. data From Coinmarketcap.
Charts from unsplash characteristic images, tradingView.com
