Ethereum (ETH), which moved rapidly upwards after hitting $1930, excited altcoin investors by breaking $2,000.
ETH, which weakened to $1930 due to the anxious atmosphere created by the news, recovered in a short time. Exceeding $2000, which is a critical threshold both technically and psychologically, gave confidence to the market. While increases exceeding 10 percent were recorded in altcoins, it became a matter of curiosity whether these increases would be permanent.
Can ETH, the altcoin leader, maintain its positive momentum? What is the latest situation in technical analysis for ETH?
A move towards $2300 will ignite altcoins!
ETH, which rose directly to the upper levels after loosening to 1930 dollars, finds buyers at 2060 dollars as of the writing of the news. The positive course of BTC and the decrease in Fuds throughout the sector will benefit ETH. In such a scenario, $2126 can be targeted first. Afterwards, we can watch an increase towards 2160 – 2203 and 2300 dollars. The appetite of altcoin investors will gradually increase as it progresses to $2300.
Failure to maintain $2056 as support, BTC retreating towards $35,600, or the release of various Fud news will push the ETH price to lower levels. In such a case, a retreat to 2020 and 1974 dollars may be followed first. Afterwards, 1916 and 1828 dollars can be followed as support.
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