A large -scale crypto analyst and trader says that Ethereum (ETH) could shoot up by 60% despite his recent decline.
Capital stretches in a new thread, pseudonymous crypto trader tells His 549,400 followers on the social media platform X that the top Altcoin has an important level that afterwards fueled historical rallies.
“Ethereum continues to maintain $ 2,500 as support despite the dip. Historically, it has to keep $ 2500, since support has been enabled to $ 4,000 over time. Ethereum has to continue to show stability here, just as it has done in the last five weeks.”
Ethereum acts for $ 2,517 at the time of writing, a fractional decrease of the day. An increase in the price objective of stretching Capital would rise around 60% for ETH.
Continue to the upper crypto -active per market capitalization, the analyst out Bitcoin (BTC) The last resistance line seems to be weaker after the Crypto king was closed above $ 105,000 last week.
“Bitcoin has rejected the last major weekly resistance. But how strong will this rejection be? Rejection a few weeks ago caused a dip of -8%. Until now, this rejection has caused a dip of -5.8%. If this dip is shallow, resistance, resistance, resistance, resistance, resistance, resistance, resistance, resistance, resistance, resistance, resistance, resistance, resistance [is] Get weaker. “
The trader too notes That it is best for the price tag of the Crypto King to prevent a daily conclusion of less than $ 106,000, followed by a subsequent rejection.
“In the daily period of time, Bitcoin found support in this local green area yesterday. What the price should avoid can be closed daily under the green box and reject it as in the previous red circle.”
BTC acts for $ 106,788 at the time of writing, an increase of more than 1% in the day.
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Generated image: midjourney